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Fxprotrader
Oct 30, 2017 12:05 PM

USDJPY: Watch Closer For a Breakout Short

U.S. Dollar/Japanese YenFXCM

Description

Price has found several times resistance at the sliding parallel of the median line and most likely we may see it breaking below the sliding parallel above the median line. In such scenario selling will be a clear option. A corrective strcuture will be ideal for us to go short.

Comment

Phase one completed.. Price broke below the parallel.. Just wait now to see if we will have a correction to setup our sell setup
Comments
UnknownUnicorn981629
Very nice channel. Good work!
Fxprotrader
@TElphee, Thank you :)
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