- Awaiting Change of Character (CHoCH) for USD/JPY on *W tf (weekly time-frame). Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr) Decent probable Shorting opportunity in case USD/JPY fails CHoCH.
Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect. Pullbacks to at least 20 EMA *W + S/R zone. Volume is aswell below average on *W Price seems over extended for now despite The Uptrend Market Structure on smaller time-frames
(screenshot attached at comment section)
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(Zoomed in Uptrend) Post-Symmetrical Triangle Break-out
Trade active
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USD/JPY (update) Short Entry at the target given TP areas as OB and Demand Zones.