Get started
VanSteenMarketResearch

USDJPY short trendline + key level rejection

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
VanSteenMarketResearch Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
dollar yen short tradingideas highprobability Bearish Patterns candlestickrejection breakout rejection
5
0
dollar yen short tradingideas highprobability bearish candlestickrejection breakout rejection
In history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups:

1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend.
2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and break the countertrend.

Option 2 would be the strongest setup

Will update this idea when one of those setups are formed
Comment:
French elections gapped the market up.

Trade idea invalid.
Order cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.