FX:USDJPY   U.S. Dollar / Japanese Yen
142 6 5
FOLLOWING THE TREND.
H4 REJECTED FROM PREVIOUS SUPPORT TURNED RESISTANCE
AND RESISTANCE TRENDLINE .
ALSO 61.8% OF H1 BEARISH IMPULSE.

H1
JPY being pushed to hunt stop losses.
Survive this stop hunting and exit position only if H4 closes above the previous H4 bearish pin.
-1 Reply
No_more_Post PriceActionTrading
anything more?
Reply
Similar Idea:

I Wait for a nice D1 Rejection of the broken Support.

Good Luck!
Parker
+1 Reply
P_Parker P_Parker
Sorry, wrong Picture
+1 Reply
Yes. very likely, the red line you have over there is the same as my red line. Its a key resistance from way back. and it closes below it on the D1 on wednesday, so downtrend is real. Nice wedge, saw in your idea.
Reply
P_Parker PriceActionTrading
Thanks
+1 Reply
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