💵Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short After Break Out ) Type : Mid Term Swing —————————— Bearish After Break 151.500 Area Reasons
- Major Turn level / D - Low Volume Fixed - Pattern Break Out - P - Month High - P - Quarter's High - P - Year High Area - Fibo Golden 1.618 %
Bullish Reversal 149.100 Reasons
- Major Turn level - Pattern Target - Fibo 0.618 % - Choch Area - Visible Range Low Volume
Trade active
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We have a broken trench at 151,500.
We also have a strong area of 0.618% at the fracture.
Strong support became resistant at 151,500.
A little volium circulation area: breaking it is aimed at a free landing.
Upper area, monthly, annual and quarterly.
Comment
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💲 Still Valid To Enter From now level 151.850 - to continue our bearish idea
useless jpy currency,jpy is stupid currency in the world,when I support jpy, always drop and drop and drop, don't know Japan government doing what,better drop to 160
evraz1994
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Nevertheless, monthly looks insanely overbought, agree, short indeed.
Today its closed up on 4h wasn't expecting its gonna charge up again and take all SL monthly price action is strongly bullish i don't think by looking at monthly and today's closed it will retest anymore. Beside we have all green news and expecting CPI all green on 10th of April what to think, I'm on short with low risk.