USDJPY is in a bearish trend, we're looking for further moves to the downside, we're still above the hourly and 4 hourly 50ma. we may have formed a head and shoulders, looking for price to retest previous lows.
Confluences -
daily lower low
daily evening star showing bearish momentum
head and shoulders
break of counter trend line
Confluences -
daily lower low
daily evening star showing bearish momentum
head and shoulders
break of counter trend line
Trade closed: target reached:
TP hit of -0.618 fib