USDJPY - END OF SHORT TERM UPTREND
Prices recently made a swing high in a downtrend. Bearish momentum was observed at the supply and demand zone after failing the market failed to break above, retest and continue with uptrend move. Prices broke back into zone with a series of bearish signals.
Prices also broke below and retested 21 ema.
My entry was made as shown, stop loss above the bearish engulfing formation. Take profit - 6-+ Pips
Stay tuned!
Prices also broke below and retested 21 ema.
My entry was made as shown, stop loss above the bearish engulfing formation. Take profit - 6-+ Pips
Stay tuned!
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