marvinenriqueznavarro

USDJPY CLASSIC DOWNTREND MARKET

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar with tight stop loss and wide target. Trade safely.
Comment: key level resistance has been respected and price dropped 300+ pips.
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