*Daily candle has been closed under the trend line
*Daily candle formed shooting star
*Correction FIB 61.8 reached
*OPEC meeting delayed
*Russia and the USA is against expensive oil and have made a couple of announcements about leaving OPEC
*Correction is needed for further rise
I will have my bets on short for the upcoming week. 200-300 pips...
Short on USDJPY. Reasons are being supported by.
1. Daily trend line hit
2. Strong resistance hit
3. H4 falling candle formed. /Hanging man, Shooting star/
4. Daily drop correction fib 61.8 reached
5. Dollar index H1 bearish engulfing.
TP, SL is clear on the chart. Not a signal. Use it to compare with your chart. Thanks