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UnknownUnicorn772665

USDJPY Short Trade Set Up *DAILY TREND 4hr TF ENTRY*

Singkat
Dolar A.S. / Yen Jepun (FX:USDJPY)  
UnknownUnicorn772665  
FX:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis USDJPY USD jpy Fibonacci Retracement Trend Line Break 50ema-rejection
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trendanalysis chartpattern waveanalysis usdjpy usd jpy fibonacciretracement trendlinebreak 50ema-rejection
Nice set up forming on USDJPY with multiple timeframes coming in to alignment.

Daily timeframe is producing a new lower high with price rejecting the fib 0,786 retracement level and a previous bullish trendline to act as resistance.

I will wait for the 4hr chart to produce a trend reversal set up before entering. I want a lower low and the bullish 4hr trendline to be broken before looking for short position entries on the next pullback.

The trade won't be valid for me until this happens.
Penafian

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