We are anticipating some JPY strength coming into the market but we are yet to see this so want to see some reversal momentum coming in before we commit to this trade.
A rejection here and a break of the ascending trend will give us that confirmation and we can then start looking for shorting opportunities.
Let me know in the comments below what you think of this scenario.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.