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DesharedPierreJr.
Jun 12, 2023 5:43 AM

USDJPY rejected at 4H Lower High Short

USD/JPYOANDA

Description

I decided to short UJ here as the 4H shooting star at a re-tested area was a bearish enough signal for me to go short. Price has been making Lower Highs on 4H and daily chart. The bullish candles have been forming with a lot of indecision. This entry was taken based on the 4H close, as well as the 1H presenting a strong evening star at a Evening star re-test. My entry was upon a bearish 15min engulfing at a potential high/re-test of resistance. My stop loss is just Above the high of the shooting star. My target is the next daily Lower Low.
Comments
InkyGrip
A good analysis of the USDJPY!
DesharedPierreJr.
@plancton0618, thank you for the feedback!!
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