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RaynLim
Feb 4, 2024 3:14 PM

Awaiting Confirmation for Shorting Opportunity Traders, Short

U.S. Dollar/Japanese YenFXCM

Description

Despite a strong bullish candle, the presence of a Bearish Shark Pattern retest on USDJPY is intriguing.

However, the trader advocates waiting for further confirmation to engage in a shorting opportunity on USDJPY, treating it as a retracement trade.

What's your take on the potential trade for USDJPY?
Comments
omuiyadun1
am not really sure the market will continue is bearishness.... based on the bullish momentum candle... I'll be waiting for a retreacment and then long
RaynLim
@omuiyadun1, all the best
omuiyadun1
no problem boss
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