Shorting opportunity with USDJPY
Weekly charts indicate Bearish momentum as the primary trend
Daily charts show that USDJPY has been trading in a bearish triangle range for the past few weeks
4 hours charts shows this triangle pattern has been broken thus indicating continuation of the bearish momentum
Will be looking for a sell opportunity after a correction wave presents itself
SL: 107.300
TP: 103.600
RR: 7.02
Feedback on this analysis would be appreciated as it helps improve my trading as well as providing better analysis on this forum
Happy Trading
Daily charts show that USDJPY has been trading in a bearish triangle range for the past few weeks
4 hours charts shows this triangle pattern has been broken thus indicating continuation of the bearish momentum
Will be looking for a sell opportunity after a correction wave presents itself
SL: 107.300
TP: 103.600
RR: 7.02
Feedback on this analysis would be appreciated as it helps improve my trading as well as providing better analysis on this forum
Happy Trading
Penafian
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