Description
⋅ Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a downtrend and the last monthly candle closed under the last lows.
Weekly: We see on weekly a nice downtrend too with good up and down waves.
Daily: On daily we draw the strong down trendline.
H4: The very powerful counter trendline is drawn on the h4 timeframe. We wait for a clear confirmed breakout before we see a push to the lows.
Have a nice day.