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tom_mok
Feb 7, 2021 12:51 PM

USDJPY Trading Idea Short

U.S. Dollar/Japanese YenFXCM

Description

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In the previous idea, we're succed to catch upside movement.
Now price retesting previous high and we can try to catch another movement.
wait until price break trendline and S/R level, make sure price make some consolidation before take any sell entry.
Comments
ForecastCity_World
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Here is our idea. How do you see it?
Cipher18
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@ForecastCity_World awesome analysis there but one should only enter after the resistance breakout 106.017 might be a good entry point
ForecastCity_World
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Thanks for sharing
tom_mok
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@ForecastCity_World, you're welcome dude
kevinfred
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you have a great sense of work
Barca_lv
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i think we must Short on level 106.000
tom_mok
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@Barca_lv, we need to find bearish confirmation first before jump into short
Mayfair_Ventures
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Great idea - higher timeframe DXY is rising to drop - so could easily support a strong JPY move pushing this down. Good luck with it.
tom_mok
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@Mayfair_Ventures, thanks mate, hopefully
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