TraderNeoh

USDJPY - Short-Term Sell Setups?

FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Traders. I've not uploaded any setups breakdown today as I do not see much opportunities around, some of them actually did not go according to my daily plan.

The setup I discussed in this video is more of a short-term trade, not really looking for a complete reversal as we'll need a lot more confirmations.

But, price is now forming lower highs & lower lows formation on the lower timeframe.

138 level now turned into a short-term resistance, so if price pullbacks to the area it could be a great value zone to activate your quick sell setups.

But if at any point price shows more strength breaking above 138, then the setup is invalidated.


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