USDJPY SHORTS: JAPANESE YEN STRENGTH IN THE MARKET?
"Inflation this, interest rates that, The Fed this, Recession that, etc, etc"
Yes, it is important to have an idea what's going on from the macro economics side of things, but one thing about the charts is that the candles speak for themselves, and oftentimes everything you introduce from outside to the charts, specifically between YOU and the charts, becomes noise.
We're looking for more bearish pressure on the USDJPY based on multi-timeframe technical analysis.
A whole month later we finally have the price action for the move(s) down we've been waiting for.
The 147.000 target has been hit and we're looking for more downside pressure.
Keep it simple. Keep it clean.
Stay strapped and control risk 🙏🏼📈
Yes, it is important to have an idea what's going on from the macro economics side of things, but one thing about the charts is that the candles speak for themselves, and oftentimes everything you introduce from outside to the charts, specifically between YOU and the charts, becomes noise.
We're looking for more bearish pressure on the USDJPY based on multi-timeframe technical analysis.
A whole month later we finally have the price action for the move(s) down we've been waiting for.
The 147.000 target has been hit and we're looking for more downside pressure.
Keep it simple. Keep it clean.
Stay strapped and control risk 🙏🏼📈
Trade closed: target reached:
CPI delivered.