USDJPY Short bias
Updated
Short bias on USDJPY
It broke the daily trendline, waiting for retest at two possible points:
1. Resistance on 15m timeframe and daily pivot level.
2. Between 0.5 and 0.618 fibonacci retracement.
I see possibilities of reaching 141.50
Always wait for confirmation before entering any position.
Good luck!
It broke the daily trendline, waiting for retest at two possible points:
1. Resistance on 15m timeframe and daily pivot level.
2. Between 0.5 and 0.618 fibonacci retracement.
I see possibilities of reaching 141.50
Always wait for confirmation before entering any position.
Good luck!
Trade closed: target reached
USDJPY beautifully retested the first idea:--> Resistance on 15m timeframe and daily pivot level).
Entry at second short candle, 133 pips gain!
Happy Trading!
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