Waiting for the Sell Signal USDJPY
There is a short opportunity for USDJPY.
As shown once before, we have broken a long uptrend of over 75 days.
We have already been rejected once from this trend bearish, which for me is a sign of further correction.
Currently we are just at the 0.786 FIB leve, a daily S/R and we have a bearish trend in the 4h timeframe.
The Sell signal, along with the one already mentioned, should serve as an entry.
Target is at least(!) the lower 4H S/R, but I rather assume that we will see the green marked zone in the medium term.
As shown once before, we have broken a long uptrend of over 75 days.
We have already been rejected once from this trend bearish, which for me is a sign of further correction.
Currently we are just at the 0.786 FIB leve, a daily S/R and we have a bearish trend in the 4h timeframe.
The Sell signal, along with the one already mentioned, should serve as an entry.
Target is at least(!) the lower 4H S/R, but I rather assume that we will see the green marked zone in the medium term.
Trade active
Trade closed: target reached:
yep, that signal was good. :)