USD/JPY Great Selling Opportunity
USD/JPY has gotten rejected for a 3rd time of 10.800. Each time it hits that level, it creates a Lower Low. TP 2 could easily get hit if it follows the wave patterns.
Why I created the analysis
1: It broke the bullish structure and when it does it hits a lower low
2: RSI is on 1hr and 4 hr are below the 50.00 level but above on D,W,M but MACD on those higher time frames are selling pressure.
3: It is currently consolidating, if you look, it has a clear rejection of the currently level.
4: It is in a supply level grabbing liquidity to hopefully reach TP2
Do not risk more than 1%- 2% of your account
Why I created the analysis
1: It broke the bullish structure and when it does it hits a lower low
2: RSI is on 1hr and 4 hr are below the 50.00 level but above on D,W,M but MACD on those higher time frames are selling pressure.
3: It is currently consolidating, if you look, it has a clear rejection of the currently level.
4: It is in a supply level grabbing liquidity to hopefully reach TP2
Do not risk more than 1%- 2% of your account
Trade active:
Going good, perfect drop this morning, want to keep seeing that throughout the day.