USDJPY SHORT IDEA
UJ is setting up nice, it has been in a clear downtrend for the past few days and is making lower lows. It violated a support (floor) and is now coming back up to retest that support as a resistance. Easy and Simple no need to complicate it. 2:1 Risk to Reward ratio use proper Risk Management boys. Quick 60 pips on H1. It is showing signs go selling pressure with wicks// do not enter until we have more confirmations such as candlestick patterns/ momentum trend line breaks or Jesus Christ himself says sell.
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.