PriceActionTrading

USDJPY TRADE: WITH ENOUGH CONFLUENCE TAKE NOTE

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
THERE IS QUITE A LOT CONFLUENCE FOR THIS TRADE I THOUGHT MAYBE I SHOULD POST IT OUT THERE.
NOTE: MARKET IS TOO SILENT NOWADAYS, NOTHING IS GOING THE WAY IT IS SUPPOSED TO BE. THUS, THIS TRADE MAY NOT WORK OUT. BUT OBSERVE THE CONFLUENT I POINT OUT AND MAKE YOUR OWN ANALYSIS.

W1 BEARISH ENGULFING
D1 20SMA 50SMA RESISTANCE
H4 20SMA 50SMA RESISTANCE
D1 50% RETRACEMENT CURRENTLY


H4
W1
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