-USDJPY: Bears Cearly In, Expecting Some Nice Downside! -Forex

FX:USDJPY   U.S. Dollar / Japanese Yen
455 5 21

Great short to take advantage of, with the consolidation being broken, the nice Fibonacci retracement level being acknowledged and the long term narrow range consolidation break after a candlestick evening star signal shows this is where the bears are extremely likely to take price into the lows.

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If today's candle closes inside the support, then i do not think our down trend is confirmed, infect 110.96 might be a support level that the bulls has been eyeing, i wont be surprised if we see them stepping in, this is just my thoughts. lets wait to see the closing candle
Great setups as usual, Tom. Im in
+1 Reply
TomProTrader PRO moorekapital
Thanks Tim
great one lets see where the price is up to! thanks
+1 Reply
Looks promising, good luck !
+2 Reply
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