patrickdefreitas22

patrickdefreitas22

USDJPY setting up for a bearish reversal trading at a 5 year high. strong buyers zone as well with NFP ON FRIDAY, we would see how it reacts to any changes .THE new variant is mind with a lot of the correlating pairs affected . WHAT WE WOULD LIKE TO SEE TO ENTER A BEARING ENGLUFING CANDLE AT TOP OF HIGH FOLLWED BY STRONG sellers pressure . Wait for rejection

patrickdefreitas22

PRICE REJECTION NEEDED FOR TRADE TO PLAY OUT BULL momentum seems to be slowing down strong retracement in progress waiting for 200ema price rejection Alternative scenario break of structure bulls take control look for entries on lower time frames