USDJPY Multiple signals for short

٢٧ مارس ٢٠١٩

USDJPY on the higher time frame has been in a confirmed downtrend. Most recently price has made a new low and pulled back into the 78.6% Fibonacci. Price began to form a range consolidation whilst it decided which way it was to continue. During this range price had broken the counter trend line I had and then broke out of the range after the retest of the range I was looking for a reason to enter on the continuation when I saw on a lower time frame another Ctl which had broken retest and got an aggressive sell on the continuation... lets see how this plays out.