USDJPY: Top spotted
Simple setup, initiate a short when the support is breached.
We have a very strong decline after completing what looks like an expanding ending diagonal triangle in the 4h/daily charts.
If price moves below the support level outlined in the chart, it will accelerate down, probably moving 430+ pips to the downside.
As a bonus, crude oil seems to be moving up, while Nikkei falls, effectively boosting this trade, correlation wise.
Will update with my entry and scale ins.
Good luck,
Ivan.
We have a very strong decline after completing what looks like an expanding ending diagonal triangle in the 4h/daily charts.
If price moves below the support level outlined in the chart, it will accelerate down, probably moving 430+ pips to the downside.
As a bonus, crude oil seems to be moving up, while Nikkei falls, effectively boosting this trade, correlation wise.
Will update with my entry and scale ins.
Good luck,
Ivan.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.