USDJPY SHORT

18th of March till 3rd of October remained bullish with a "railroad" formation at the high labeled.

Lower highs following the trendline gives us nice confirmations which ends up playing out nicely.

Rectangle boxes are were I see price halting/reversing or re-entry areas.

The short indicator is NOT a signal but an assumption of price movement.

Comment:

1HR :

Are we going to see the same outcome as before or a push to the upside attempting a higher high?

Comment:

1 HR:

It made a push to create a new higher high and seems to be rejecting the area for the short movement as a follow through. If you entered at the newly created high - awesome - if not then just stay patient and react to the markets movement.

Trade active:

1 HR:

Short Indicator: In-Profits

Lower Indicator: Gave us the " GREEN light " for profit level reached, so one may close the trade, or have the stop loss below entry for a safe trade.

Comment:

1 HR:

If you remained patient - here is your re-entry area.

Order cancelled:

1 HR :

Price barely exceeded above the short indicator, if one has a stop loss at the level assume it's been hit, else if not this is a re-entry for some. I hope some gained value from this trade idea!