USD/JPY many reasons to go short here, i'm in
We have many reasons to get into the short position here
1) 4hour trend continuation, going with the trend is always less risky as to opposing it
2) 78.6% fib resistance level from previous swing high to low
3) Heads and Shoulders structure formed, Double Top too
4) Divergence Spotted in the AO
5) AO getting into negative territory
6) Now we have a large bearish candle to provide the momentum needed for further downside
Watch the cloud break, price is now below the kijun-sen and tenkan-sen, its a good sign.
Many reasons to go short here, i am in (-:
Goodluck!
1) 4hour trend continuation, going with the trend is always less risky as to opposing it
2) 78.6% fib resistance level from previous swing high to low
3) Heads and Shoulders structure formed, Double Top too
4) Divergence Spotted in the AO
5) AO getting into negative territory
6) Now we have a large bearish candle to provide the momentum needed for further downside
Watch the cloud break, price is now below the kijun-sen and tenkan-sen, its a good sign.
Many reasons to go short here, i am in (-:
Goodluck!
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Disclaimer
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.