Sthe01

USDJPY - Short Trade For the Next Week

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
When you look at the Weekly timeframe, you will see a bearish engulfing candle forming just at the tip of the trendline support line. When moving over to the Daily chart we already see a drop to the downside as we anticipate a short trade for the next following week. Sell entries can be made from the 30min - daily timeframe and then monitor your trades.
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.