Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : USD/JPY
Time-Frame - 4H
Biased - Bearish
This bearish outlook is based on price currently reaching a strong daily resistance / supply zone with signs of rejection and recent higher lows failing to hold making a new lower low on the 4 hour time frame.
This could be an indication of shift in momentum from a bullish market to a bearish. Based on different entry styles , an aggressive position could be take before the red zone is fully broken or after once retested for continuation.
Pair : USD/JPY
Time-Frame - 4H
Biased - Bearish
This bearish outlook is based on price currently reaching a strong daily resistance / supply zone with signs of rejection and recent higher lows failing to hold making a new lower low on the 4 hour time frame.
This could be an indication of shift in momentum from a bullish market to a bearish. Based on different entry styles , an aggressive position could be take before the red zone is fully broken or after once retested for continuation.
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