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theforexdaddy

USD/JPY Multi-TimeFrame Analysis

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
theforexdaddy  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis Technical Indicators rejection crucialsupport zone priceaction goldenratio
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chartpattern trendanalysis indicator rejection crucialsupport zone priceaction goldenratio
Monthly: Huge rejection of 112 level with two spinning tops and a huge bearish engulfing candlestick
Weekly: Break & retest of 108.5 zone with a nice shooting star rejection candlestick
Daily: Bulls failed to take controll of the market by breaking the ascending trendline. Bearn are now on controll
4Hour: We have a descending channel. Price retraced to our minor zone and fib 61.8 and also correlates with our 50 EMA

Waiting for price action to pull the trigger
#tradesafe
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