USDJPY has broken its trendline, retested and confirmed it. The retest level is confluent with the 89 EMA as well as a key support level, now turned resistance. A down fractal also formed with the 89 EMA and Williams Alligator. Further support levels will be used as price targets.
SL: 110.100 TP1: 109.21 TP2: 108.5
Trade closed: stop reached
⋅
Comment
⋅
USDJPY is still dancing around its trendline. There may be an opportunity for re-entry.
I was just checking to see if someone else saw this as well. The retest part at least. Structure on a large scale shows there is a lot of downside to come. This could be huge.