XT-Simple_Trading

Waiting for a price action to join the Bears

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Weekly Chart:
Bearish Candle with rejection of low price.
Daily Chart:
Friday closed with a bearish candle with rejection of low price but still closed below the up-trend line since 26 Mar 2018.
Watch out:
1. Price might go back to retest zone @ 112-112.2
2. Price might go back to retest the up-trend line since 26 Mar 2018.
3. 111.4 might be support zone
Action:
Waiting for a price action pattern to confirm an entry.
Trade closed: stop reached:
Hit SL with loss.

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