Hey guys,
this is my daily outlook on USDJPY. As you can see price has come back to test previous support zone that once is broken should turn into resistance. As of now, price has already showed some rejection signals, but it's not enough.
Watching closely to 1HR and 4HR in order to find shorting opportunities.
Keep you updated.
If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this is my daily outlook on USDJPY. As you can see price has come back to test previous support zone that once is broken should turn into resistance. As of now, price has already showed some rejection signals, but it's not enough.
Watching closely to 1HR and 4HR in order to find shorting opportunities.
Keep you updated.
If you want to share your view, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Comment:
Butterfly on the hourly:
Trade active:
Trade closed: stop reached
Trade active:
Another short, we're at the edge of the zone, so a break above would mean the idea is invalid: