Get started
dtsdude

USDJPY flag on M30 but nearing a support area

U.S. Dollar / Japanese Yen (FX:USDJPY)  
dtsdude  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
1
0
trendanalysis
Could be a possible flag pattern trade here. A bit of consolidation/retrace in a down move.

However, we are so close to a support area on the H4 timeframe; I don't think this offers decent risk reward.

I'd have to see it clear below that support before considering a trade.
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.