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VasilyTrader
Dec 9, 2022 9:50 AM

USDJPY: Your Trading Plan πŸ‡ΊπŸ‡ΈπŸ‡―πŸ‡΅Β Short

USD/JPYOANDA

Description

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USDJPY is approaching a horizontal daily supply area.

To short the market with a confirmation, watch a head & shoulders pattern on 4H.
135.95 - 136.35 is its horizontal neckline.
Wait for its bearish breakout - 4h candle close below,
then, sell aggressively or on a retest.

Target will be 134.28

If the price sets a new high, the setup will be invalid.

❀️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❀️
Comments
VasilyTrader
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Wait for a neckline breakout
that is our trigger to short
SignalProvider
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Agree with you!
InvestMate
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After such a strong buying reaction following the new low. I now expect the upward correction to continue
JoeChampion
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I agree on USD weakness, thank you!
EliteTradingSignals
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Great insight;))
ProjectSyndicate
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solid overview and great charting today
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