POSSIBLE SHORT OPPORTUNITY ON USD/JPY

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis beyondta chartpattern marketstructure marketanalysis structure breakofstructure

I'm waiting for price to break these two red support lines and then create a higher low for structure and then a bearish engulfing for a short entry.

Comment:

*create a lower high excuse me

Comment:

Price is starting to play out nicely for the second red support line. Just waiting for price to show a bearish engulfing setup on 1hr chart

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.