Pair : USD/JPY
Weekly - chart pattern
with rejection from the major trendline
Daily - Possibility downtrend until below
Then, wait for bounce or break scenario
with the potential TP
as the same high of the
H4 - Graph currently rejecting 0.382 Fibo level.
Expecting some retracement before continuation
To do : Waiting for break or bounce scenario at H4 38.2 level area
Expecting some retracement before bearish continuation.
27/1/2020 Monday 7am : Price open with huge exhaustion gap.Two entry possibility;
1. Wait for retrace to previous SBR area around 109.200. Can place PO SELL
2. Wait for Monday closure