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RaynLim
Jul 2, 2023 3:25 PM

Dollar-Yen Remains Bullish Short

U.S. Dollar/Japanese YenFXCM

Description

📉 The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. 🔄

📉 The Bearish Fib-3 Bat Pattern at 149.15 offers a potential shorting opportunity, although it may take some time to validate.

📉 Alternatively, a break of the trendline on the 1-hourly chart could provide a more immediate shorting opportunity. We're watching for a retest without violating the trendline.

⚠️ However, the trendline hasn't been convincingly broken yet, as the candlestick failed to close below it.

🔍 USDJPY is currently of lower priority for trading this week.

Share your trade plan! 📊💭
Comments
amm1325
yes
very gooooooood
RaynLim
@amm1325, Glad you like it, always plan your trade in advance, don't follow others blindly
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