Get started
lebogangmagane

USDJPY Bearish

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
lebogangmagane  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Supply and Demand Support and Resistance
0
0
chartpattern supplyanddemand supportandresistance
This pair is caught in a range/consolidation after an impulse downwards. Spikes and candlesticks show signs of failure to break resistance. If we don't make a profit, we will definitely learn from this trade.
It ideal to enter after the break of the trendline or the break and retest of the smaller support. This is a low risk trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.