RaynLim

USDJPY-Weekly Market Analysis-Jul19,Wk4

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
3 counter-trend trading opportunity on USDJPY but let's look at the more recent 2, 1 on the 4-hourly chart, a bullish shark at 106.69 and a bullish butterfly at 107.11.

At this moment the candle shows a very nice setup for trend traders, a long shadow within the sell zone.

What will be your trade plan?

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