Get started
RandyFuego

USDJPY SHORT 4H

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RandyFuego  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fibonacci Trend Lines
5
1
trendanalysis fibonacci trendline
The price of the dollar has been on a downtrend, showing signs of further downtrend continuation.

We could find a good entry for a short once a breakout of the yellow trend line is confirmed.

A breakout of the channel to the upside would indicate a change of character, invalidating the idea.

TP 1 - 133.633
TP 2 - 131.907

Stop trade at - 138.500
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.