USDJPY huge accumulation to the upside, need retracement.
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Hey guys, here analysing USDJPY. Please do like, comment and follow for more.
Daily, we can see huge accumulation to the upside and it needs a retracement to correct this move. I have put Fibonacci Retracement to see where the 61.8 zone is.
H4, we can see a break of structure and a double top being formed too. Which is good, if it breaks the low and retest it, we can take a sell very easily.
I will only look for sells if it breaks the lower zone and retest it. If you want to take this trade please follow proper risk management.
Good luck. :)
Daily, we can see huge accumulation to the upside and it needs a retracement to correct this move. I have put Fibonacci Retracement to see where the 61.8 zone is.
H4, we can see a break of structure and a double top being formed too. Which is good, if it breaks the low and retest it, we can take a sell very easily.
I will only look for sells if it breaks the lower zone and retest it. If you want to take this trade please follow proper risk management.
Good luck. :)
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