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Reis593
Apr 28, 2020 3:12 PM

Shorting opportunity with USDJPY  

U.S. Dollar/Japanese YenFXCM

Description

Weekly charts indicate Bearish momentum as the primary trend
Daily charts show that USDJPY has been trading in a bearish triangle range for the past few weeks
4 hours charts shows this triangle pattern has been broken thus indicating continuation of the bearish momentum
Will be looking for a sell opportunity after a correction wave presents itself
SL: 107.300
TP: 103.600
RR: 7.02

Feedback on this analysis would be appreciated as it helps improve my trading as well as providing better analysis on this forum
Happy Trading
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