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pacifiedRice75213

USDJPY SHORT POSITION in ascending Channel

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
pacifiedRice75213 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis usdjpyshort
3
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trendanalysis chartpattern fundamental usdjpyshort
fund analysis based on the resistance, the price has a resistance above his head on which it has already bounced on for a 3rd point. The price broke the middle resistance he has always been loyal to. Finally, we set TP on nearby support, we're already at break even, so I'll see and tell you guys if I set a TP2 or if I stop and take another position.
Comment:
On a lower time frame like the 1-minute timeframe, we can see that the price is following a descending channel so the price should continue to fall.
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