USDJPY - BEARISH Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 24, 2023 4:29 PM

High level of resistance.

Market structure break.

Break of trendline.

Daily s/r.

Liquidity grab.

Pointing lower towards weekly s/r.

⋅ Oct 25, 2023 5:32 PM

Too strong for now, I will wait the 4 hour to slow down and reject.

Either here or at 0.5 fib.

Comments

DemoDiaryFX_Trading

⋅ Oct 26, 2023 2:30 PM

do not see bearishness as for now. Thanks for your work

MyCryptoParadise_Nathan

⋅ Oct 25, 2023 10:08 AM

Your insights are priceless.

TRADINGWITHZION

⋅ Oct 24, 2023 4:57 PM

I am also short on this one mate

BenGravis

⋅ Oct 24, 2023 7:51 PM

@TRADINGWITHZION, seems like a good setup, still acting a bit strong for now...