USDJPY Wait for short confirmation

FX:USDJPY   U.S. Dollar / Japanese Yen
22 0
USDJPY is testing the key resistance zone , and it is highly likely that price will continue dropping to complete the fifth wave. However, it is quite risky to enter short right now as some fake upwards breakouts may come before price truly going down. Patience is needed to wait for a weak candle to give clear confirmation.
Following this plan it is possible to take this short entry on Monday, and the price really has touched the green day trend line and reversed. It is not a very profitable trade but brings no risk.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out