Short

USDJPY, upwards channel broke, wait for retest to short

Updated

Best is to wait for the blue entry zone, but not just get in blindly, zoom in on a lower time frame to see the price turn down a bit. There is always a chance for a squeeze, that way you prevent that.

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It looked good earlier today, US FA news pumped the dollar and is almost failing this pattern. Usually the market always goes into the direction it intended, so this FA news could probably just be temp. But i am not changing the stop though. This daily candle is way too bullish if it closes above that red candle.

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I had the choice between EUR and USD JPY, but the usdjpy had a much better/clearer pattern.

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The US FA news screwed us on this one, the eurjpy looks ready to short. Was a small loss gladly, did a lower leverage on 1broker, with the intention to increase it later on.
But i am calling it a day.

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The one on the right is eurjpy

botje11

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