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ThinkingAntsOk
Oct 12, 2020 11:21 AM

USD/JPY Bearish View Short

U.S. Dollar/Japanese YenFXCM

Description

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🔸4H CHART EXPLANATION:
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🔸Price bounced at the Support Zone and started a nice bulish move, however, it couldn't surpass the Resistance Zone.
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🔸Instead, it has been rejected, and now it is breaking the Ascending Trendline of the current structure.
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🔸If the breakout is confirmed and price consolidates below, we may see a bearish move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

Comments
SunnyHillCapital
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Simple trendline application, wa iting for break to sell! Thanks for sharing!
ThinkingAntsOk
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@SunnyHillCapital, thank you for your comment!
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