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TheGrove
Apr 17, 2024 8:40 AM

USDJPY → Trade Analysis | SELL Setup Short

U.S. Dollar/Japanese YenFXCM

Description

Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Patience is the If You Have Any Question, Feel Free To Ask 🤗

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Trade active

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Comment

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Comments
macko_O13
Buuuy
marcopollo77
What informs the "resistance" level?
LegionQ8
In my opinion, price can reach resistance level and then it will decline as you showed
TheGrove
@LegionQ8, Lets see, thank you
ICmarkets
It's a tricky channel, as technically there are 3 touches at the top and 2 at the bottom. It's nice to see the sell level align with the upper line, though. Let's see how the price reacts to the level as it approaches.
TheGrove
@ICmarkets, That's right, let's see if it will go in that direction, thanks for the comment
littletemmy
Sell, take short profit at 152.50 area
TheGrove
@littletemmy, Thanks for comment
TheGrove
Good luck in the markets and have a great trading week!
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