Hello Everyone !
Below we have USD/JPY pair on a SHORT Possibility, Price has been breaking through the support creating a Lower Low, Price has been successfully retesting the new Resistance Zone where we can see clear rejections in attempt to break in the up-side. After the re-test price has created a Lower High giving us some more confidence for a new Lower Low, We will be Monitoring The Price once Market Opens for Confirmations in Lower Time-frames to Validate Our Setup.
Extra Note : The pair IS rejecting the 61.8 % Fib. Retracement.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!
Below we have USD/JPY pair on a SHORT Possibility, Price has been breaking through the support creating a Lower Low, Price has been successfully retesting the new Resistance Zone where we can see clear rejections in attempt to break in the up-side. After the re-test price has created a Lower High giving us some more confidence for a new Lower Low, We will be Monitoring The Price once Market Opens for Confirmations in Lower Time-frames to Validate Our Setup.
Extra Note : The pair IS rejecting the 61.8 % Fib. Retracement.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!