very nice potential selling setup on USDJPY.
market has recently reached a strong structure resistance level 106.7
the rejection candle clearly signifies the strong bearish pressure in this area.
now I am waiting for a bearish break and close below 106.3
it this condition is met,
we can activate short
T1 - 105.9
T2 - 105.4
Stop - 106.85
Note
Nice drop
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.