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Daniel_M_Forex
Aug 4, 2020 1:30 PM

USDJPY Short Short

U.S. Dollar/Japanese YenFXCM

Description

I currently see USDJPY dropping from this strong resistance down to the next liquidity zone. UJ is sitting at the 0.5-0.618 golden zone on the 4hr timeframe. I enter this chart based off the 4hr candle closing below/at the golden zone. Sentiment is currently at 63% long & 37% short. There is no major(red folder) news for either pair until thursday & NFP Friday. If trade 1hr candles consistently close below this zone, expect update on Wednesday.
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