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Pabsgainz

USD/JPY Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Pabsgainz Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns short shortsetup Technical Analysis
2
0
trendanalysis chartpattern short shortsetup technicalanalysis
Currently in this trade on my demo. Price is in a downtrend on the daily and 4H timeframe. Entered around 111.389 and looking from price to move down the support. Price is currently rejecting off the resistance line on the 2H, 4H and daily timeframes.
Expecting this move to happen in time.
Comment:
Price broke the resistance previously drawn Daily and 4H timeframes show a break, may look for buys up to the previous uptrend resistance. Not forcing any trades though.
Comment:
Will await to see if price retests the previous uptrend support. If it does and retests will look for shorts to previous target of circa 110.000. If it breaks this line, may look for buys, as previously mentioned.
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