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intrading
Apr 19, 2018 12:03 PM

USDJPY Short

U.S. DOLLAR / JAPANESE YENICE

Description

Sell when price does a re-test after closing below the line which is shown in the picture.

Comment

No trade. So this analysis is no longer valid.
Comments
TheLurkingVariable
I think it's a sell when that line breaks. I'm not so sure it'll re-test it, but it may
intrading
@TheLurkingVariable, looking at price action now I can say that price shouldn't break this line today. More likely to see this scenario tomorrow with a retest on Monday.
TheLurkingVariable
@intrading, you definitely could be right. however, the asc tri I see between the support line we both have and the horizontal line at .45 seems to suggest something is gonna give sooner rather than later, to me at least. But I definitely wanna play it short
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