Get started
SardarGMarkerTrader

USDJPY TRADING SETUP

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
SardarGMarkerTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators usdjpyshort usdjpylong usdjpyanalysis forextrading forexanalysis usdjpysetup usdjpysignals forexsignals usdjpyweekly
3
0
trendanalysis chartpattern indicator usdjpyshort usdjpylong usdjpyanalysis forextrading forexanalysis usdjpysetup usdjpysignals forexsignals usdjpyweekly
USDJPY is trading at supply zone at all important time frames which is High Resistance Level.
At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature.
A range has been formed in 1HR time frame.
Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter the trade with stop loss at Resistance i.e high of Rectangle.
With breaks upside then wait for price action to form. No buy trade in USDJPY.
ENTRY=138.33
TARGET=136.34
SL=138.90
COMMENT BELOW YOUR IDEA
GIVE A LIKE IF YOU AGREE WITH MY SETUP
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.