Jeffboi

SMBT # 4 USDJPY 1 HR

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The weekly and daily shows me a downtrend

Currently the DXY at Dec 29th, 2020 is on a downtrend.

On the Daily its on a uptrend but its a secondary trend (smaller trend to the bigger trend)

1 hour you see an flag pattern forming to the downside.

Place a sell order at the 1 hr 61.8 zone.

SL place at the next liquidity spot on the upside.

TP place on the Week Liquidity zone
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.