VERY AGGRESSIVE USD/JPY countertrend trade
This pair is showing a very aggressive 1hr moving average potential short signal. Last Friday we saw the USD/JPY post its 1st Daily candle close below a trend line formed 8/11 (black line)
It is showing pretty good R/R in my opinion. We don't want to see candles close back above that trend line. This trade can be attempted more than once below the trend line.
It is showing pretty good R/R in my opinion. We don't want to see candles close back above that trend line. This trade can be attempted more than once below the trend line.