The USDJPY pair is on a bearish trend after failing to break Resistance (1).
There is a Rising Support since the January 16th Low and if broken can lead to a Rectangle creation.
Trading Plan:
1. Sell if the price closes a (1d) candle under the MA50 (1d).
2. Sell again if it closes a (1d) candle under the Rising Support.
Targets:
1. 132.000 (the Rising Support).
2. 130.000 (Rectangle bottom).
Tips:
1. RSI (1d) being under its MA line is an early bearish signal before the MA50 (1d) validates it.
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Notes:
Past trading plan:
There is a Rising Support since the January 16th Low and if broken can lead to a Rectangle creation.
Trading Plan:
1. Sell if the price closes a (1d) candle under the MA50 (1d).
2. Sell again if it closes a (1d) candle under the Rising Support.
Targets:
1. 132.000 (the Rising Support).
2. 130.000 (Rectangle bottom).
Tips:
1. RSI (1d) being under its MA line is an early bearish signal before the MA50 (1d) validates it.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.