JosePips

USDJPY POTENTIAL SHORT (1D CHART)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
IM NOT GOING TO PUT A FULL ANALYSIS ON THIS PAIR DUE TO THE FACT IT IS JUST SOMETHING I AM LOOKING AT AND JUST WANTED TO SHARE IT WITH THE COMMUNITY. BASED ON RECENT PORICE ACTION AS YOU CAN SEE THERE WAS A STRONG SELLER PUSH ON THE LEFT HAND SIDE OF THE SCREEN BACK FROM DEC. 2018 TO JANUARY OF 2019. THERE WAS A PULLBACK BY THE BUYERS FROM THE LOOKS OF IT WAS A LOT WEAKER THAN THE SELLER. NOW LOOKING AT PRICE ACTION ON THE DAILY CHARTS THE SELLER MOMENTUM HAS COME BACK IN AND BROKEN BUYER STRUCTURE IN THAT UPTREND. LOOKING FOR A PUSH DOWN INTO THE ZONES I HAVE POSTED. KEEP AN EYE OUT !

REMEMBER TO ALWAYS IMPLEMENT PROPER RISK MANAGEMENT IN YOUR TRADING. THESE SETUPS I POST ARE NOT GUARANTEED FOR SUCCESS. TRADE AT YOUR OWN DISCRETION!

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