forexchiefpiest

TRADE VIEW ON USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Looking at #USDJPY, i can see a corrective move currently taking place. With the aid of Fibonacci, order blocks i was able to come up with this analysis. On the 4hrs TF, you will notice price compressing with a hidden divergence towards the first order block... This first order block has a risk of 17pips... so once price gets to 109.600, i will take a sell... if this first trade fails, i will sell again at the second order block 110.155 with a risk of 33pips.... if it fails again, then we are not suppose to be selling this pair.#usdjpy

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