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VasilyTrader
Jul 27, 2019 8:38 AM

USDJPY Trading Plan For Next Week Short

U.S. Dollar/Japanese YenFXCM

Description



after a massive buying reaction we see a consolidation in a narrow trading range.
market is currently standing on a significant structure resistance level and rsi is overbought.
+ taking into account sequence of rejection candles we can consider bulls to be exhausted.
if bears break and close below the trading range we will most likely see pullback to lower structure levels.
Comments
UnknownUnicorn446013
I have the same forecast! Good luck to you, sir!
VasilyTrader
@zmalexander, good luck to you!:)
alifx01
VasilyTrader
@alifx01, good outlook
ProTraderNataliaRUS
Good trading idea, Vasily. Keep it up!
VasilyTrader
VasilyTrader
Let me know what you think about USDJPY
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