USDJPY Big fall happening

Hi there,

If you are following me on USDJPY for a while then you know we are longer term bearish on USDJPY.

USDJPY went down nicely from previou high and now forming daily correction this correction should breakdown and should continue for more downside. We are already short on USDJPY from top. Now we are looking for this daily correction to breakdown and continue for more downside.


How you can trade on this chart.

This is a daily chart. You should watch lower time frame for better entry.

1. It is forming daily flag.Within that daily flag it can go back up for one more bullish wave let the wave happen and then look for sell from new high within that flag.

Or

2. Watch lower time frame correction like 30 minutes and then look for that correction to breakdown and go down.

In case this daily flag is not going tho breakdown and price is going to test back the previous high then we will be seller again from previou high as i said we are longer term bearish on it.

Good Luck.

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Komen:

If not sure what to look for then watch this lower time frame.

1. Correction one lower time frame and breakdown.

Or

2. One more bullish wave and then sell.

Ideal place to go for longer term sell is top. in case we dont see price at that area then flag.

here is the example.

Komen:

Please support the setup with your likes, comments and by following on Trading View thanks