andy91kay

USDJPY - SHORT POSITION

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
From the daily TF, you can see that the price is close to/ on the weekly support. Dropping down to a 4H TF, the price is ranging close to the support.

Now the price can either bounce off the support or break the support.

Since I’ll be entering on the 1H TF, I saw that the price was leaning more to the support. Wait for a confirmation on the 4H TF for a break in support, then enter on the 1H TF.
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