Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Lets start with the Top Down Analysis.
Monthly: The movement is very bearish.
Weekly: On weekly we see it's bearish again.
Daily: We see a Trendline, and a Gravestone Doji at the H4 Resistance, turnt Support Key level.
H4: A huge gap was opened and we see if the very big RR has a chance.
Lets start with the Top Down Analysis.
Monthly: The movement is very bearish.
Weekly: On weekly we see it's bearish again.
Daily: We see a Trendline, and a Gravestone Doji at the H4 Resistance, turnt Support Key level.
H4: A huge gap was opened and we see if the very big RR has a chance.
Comment:
Lets see if the M15 trendline can be broken.
Comment:
First stop achieved. The market will retrace a little and then continue to fall to the lows.
I'll keep you updated.
First stop achieved. The market will retrace a little and then continue to fall to the lows.
I'll keep you updated.
Trade closed: stop reached:
The NFP's were unfortunately against me today. It's hard to see because the Trade had real potential. But that's how it is in trading.