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DayTrade-EA
Apr 11, 2019 3:56 PM

Short from resistance : intraday only  Short

U.S. Dollar/Japanese YenFXCM

Description

Hello ...

Price has broken away from descending channel with strong upside move which indicates that long term short on USDJPY is not suitable ,

Anyhow we cannot confirm yet uptrend too as on daily chart price is still in Triangle pattern , since trend is not confirmed there may arise possibility of selling pair at resistance zone for intraday or scalping purpose ,

As price has broken away from channel and nearing to descending trendline of daily chart , we expect price to move lower for retesting support near top channel line or ascending triangle trend line...

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