orvilleawright

USDJPY Price structure analysis (1H)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Price structure analysis (1H). After a strong move down and a break of support, price is now retracing towards the resistance zone. Look for short opportunities as I expect a next leg down and price to retest the 100.00 level. Look for bull traps for shorting opportunities. Wait for price action to confirm the reversal.

I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
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