Little update for my yesterday's trading plan on USDJPY. The price keeps growing and being within a strong daily supply zone I am still looking for shorting opportunities.
Since yesterday, the price set a new higher low, making me adjust the previously drawn channel.
Our plan remains the same: we need to see a bearish breakout of a rising channel to confirm a coming bearish move. The impulse must initiate strictly from the red supply area. In case of its bullish violation, the setup will become invalid.
Closest key support - 109.6
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we are still waiting for a channel breakout
stay patient