USDJPY short

Watch for a potential downward breakout.
Everything should be explained on the chart.

Ichimoku Kinko Hyo was used to view the chart on a larger scale.
- on the Daily chart, the price broke through the negative Kumo indicating a down trend, also, on November 25, the Tenkan-Sen passed below the Kijun-sen below the cloud with a leading bearish Kumo. There was also a Kijun Cross below the cloud as well. These are all indications of a short, big sell-off coming soon. Be patient.

Well, hopefully.

Comment:

Leading kumo currently bullish, CMF still below 0.00, the price is following accordingly although it hadn't pushed up as high as I wished it would. Next stop will most likely be to test the support which will give a chance to break through. If the test is successful, the trade should be initiated with the given SL and TPs.

Chill for the time being.

Comment:

seems to be a small breakout along the resistance, quickly reversed and began to drop again.

Comment:

we're at the resistance, watch for a breakout and enter!

Comment:

huge bounce wow. but still in the clear

Trade active:

Trade started

Trade active:

Price bounced off the previous support, now resistance and falling steadily.