USDJPY - Bearish Shark and Ed Channel
Hey guys, this is the first idea of the week.
I am looking closely at USDJPY.
H4 - Trend is down, short on retest at top of channel.
Look out for no demand bars or buying climax at top of channel.
Check out my 2min video to see how I mapped in a bearish shark pattern to short with the trend.
I am looking closely at USDJPY.
H4 - Trend is down, short on retest at top of channel.
Look out for no demand bars or buying climax at top of channel.
Check out my 2min video to see how I mapped in a bearish shark pattern to short with the trend.
USDJPY is approaching the 107.70 I mentioned in the video.
It is good to keep a closer watch on it as a setup that could be ready tomorrow.
Remember, wait for a rejection candle at the top of channel before executing any shorts.
This rejection candle should either be of extreme high vol or extreme low vol.