simontien

Waiting for an extra signal to short

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Fibonacci extension of recent swings high match well with previous structure. Looking at the last candle of daily chart, price was rejected below that structure.
On the other hand, zooming into 1h chart, price broken last structure high.
That's why I'll wait for a possible double top on the hourly chart to get in this trade.
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.