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RaynLim
Apr 6, 2021 4:58 AM

USDJPY - Structure Trade Short

U.S. Dollar/Japanese YenFXCM

Description

A potential trend reversal trade might be in place. Having a break and close below the buy zone(turned to consolidation zone) is the 1st clue for a shorting opportunity. Market retraces and touches the red line without closing above the red line is the 2nd clue, the red line act as a Key Resistance Level, DM me if you don't understand. If the 8am(+3UTC) close as a bearish engulfing candle, it will give the 3rd clue for a shorting opportunity.
Comments
BULLSS1993
Great chart, keep up !
RaynLim
@BULLSS1993, Thank You
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