Roker1
Short

Bat formation about to complete at daily structure level

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey guys,
i've just exited my position on USDJPY             for a profit of 120 pips, but that doesn't mean i cannot reenter the same pair again if i have reason to enter the market.
And this is precisely the case: we are heading back to retest the double top's top and we are still in the same level of daily structure (black line). Price broke to the downside the previous formation and we think this is a confirmation signal of bearish reverse.
That's why we are looking for a selling signal in order to short the market at that level.
A bat formation is enough for me to enter the market, especially when it completes at structure levels.
Stops above X, targets as usual.

See you in the next chart!
Trade closed: target reached: Both targets hit! + 150 pips for today!
If you like my trading style and you want to support me, hit that thumbs up. I'd really appreciate that!
Se ti piace il mio stile e vuoi supportarmi, clicca il pollice in sù. Grazie!
My last videoanalysis here: https://youtu.be/86S8KH3EXP0
United Kingdom
United States
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out