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GoldenEngine
Apr 3, 2024 8:03 PM

USDJPY - 4hrs ( sell Trade After Break Tp Range 240 PIP )  Short

U.S. Dollar/Japanese YenFXCM

Description

💵Pair Name : USD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🌐 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
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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

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

💲 Still Valid To Enter From now level 151.850 - to continue our bearish idea
Comments
Setupsfx_
Same view great work
GoldenEngine
@Setupsfx_, thanx
skbusiness
So you think dxy is weak?
GoldenEngine
merosaleh
good work
GoldenEngine
@merosaleh, thanx
yusukeang
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
Nevertheless, monthly looks insanely overbought, agree, short indeed.
GoldenEngine
@evraz1994, hope the best
NaseemSheikh
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.
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