matbou1234

USDJPY SELL

Short
matbou1234 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
8
So here we have a nice setup of USDJPY, we got a daily trendline who is well respected, we are now at the 0.618% of fibs level of the last downtrend, we are in a supply and demand zone, and the last bottom is lower than the first one so it show us the weakness of this pair. I didn't sell it right now I will wait to have a candelstick confirmation or a sign of life of the bears cause for now XXXJPY are weak and if JPY stay weak, I will cause a breakout of the pair. Like & follow me for more :)
Comment:
***It will cause a breakout of the trendline***
Comment:
And to add more credibilety, our RSI is OVERBROUGHT
Comment:
SELL at my entry point
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