USDJPY has displayed a very bearish sentiment. On the 1-hourly setup, it has the perfect price for a shorting opportunity with a fantastic Reward is to Risk ratio. The level that you need to watch out is how the market reacts on the trendline, if market bounce at that level, at the minimum stops must be a shift to entry price to prevent a trend-reversal to take your position out. However, if a break and close below the trendline give the bearish setup additional strength.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.