AFTER PREVIOUS WEEK USD WEAKNESS AND JPY STRENGTH I AM ANTICIPATING A SHORT OPPORTUNITY COMING UP ON THIS PAIR. THE PRICE IS CURRENTLY IN AN ASCENDING CHANNEL AND IN A DOWNTREND ON A WEEKLY PERSPECTIVE, I WILL BE LOOKING FOR PRICE ACTION ON 4HR/ 1D TO SHOW CONFIRMATION BEFORE ENTRY, PRICE HAS SHOWN REJECTION AT THE SAME LEVEL TWICE, I'M EXPECTING A RETEST WITH A SLIGHT PUSH HIGHER TOWARDS THE 3RD TOUCH ON THE WEEKLY TRENDLINE THEN A DROP DOWN.
LET ME KNOW YOUR THOUGHTS IN THE COMMENTS.
LET ME KNOW YOUR THOUGHTS IN THE COMMENTS.
Trade active:
AT ENTRY POINT, WEEKLY CHART SHOWING BULLISH EXHAUSTION.
