Trueman23

usd jpy short

Short
Trueman23 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
-we see 3th touches of a falling trendline ( 3 touches means the TL is confirmed)
-price had formed some nice wicks to the upside right at the TL also a supply zone (Bearish evidence)
-now i want to see a clear and strong break of the S/R zone right below price

again patience is key and as long price stays above the S/R zone i will sit on my hands
a break above the Trendline and supply zone will invalid the set up for now and we need to revaluate the situation again
Comment:
what a trade .... juicy lucy

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.