Wave-Trader

USDJPY Reminder Dont miss this fall

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hi there,

USDJPY is still in an corrective uptrend. Price is correcting on 4hr time frame. We are expecting that this correction will breakdown soon and price will resume the bearish down trend.


How you can trade on this chart.
1. There is correction on lower time frame watch for that to breakdown sharply and look for sell.

or

2. Let price form higher high with in the channel and then look for sell from new high and watch for the channel to breakdown and add more on corrections all the way back to the bottom.


Good Luck.

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