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RaynLim
Jul 20, 2019 4:53 PM

USDJPY-Weekly Market Analysis-Jul19,Wk4 Short

U.S. Dollar/Japanese YenFXCM

Description

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?
Comments
Bullandbeartrading
Nice ABCD placement.
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