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TacticalTrade

*USD/JPY - POSSIBLE BEARISH TREND*

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
TacticalTrade Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Contains image
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USDJPY

snapshot

Daily chart: Price rejected SMA 200. The pair has been trending downward on the daily chart .

Price is making lower highs and lower lows overall.

Entry: Entry on third bearish candlestick, if price rejects EMA 21 on 4Hr chart.

Exit: Exit when target is hit or stop loss is triggered.

snapshot

R/R: 1.1 - 1.6

TELL ME WHAT YOU THINK!

ALPHA1RESEARCH.COM
Trade active:
Price followed through to the downside before briefly crossing above the EMA 21 on the 4Hr chart.
Trade active:
Price has been consolidating, but is still respecting the 200day moving average. Wait for bearish confirmation.
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