USD/JPY - simple short decent to gain a few pips ?
Hi all,
Here we have the USD/JPY, hopefully, just a simple short decent down and gain a few pips! As you can see this looks like a bearish trend with a downward redline and a strong bearish impulse down, there seems to be a small consolidation with a good rejection of price still indicating a downward trend,
a good entry point would be somewhere near the red trend line if your a more conservative trader,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L
Here we have the USD/JPY, hopefully, just a simple short decent down and gain a few pips! As you can see this looks like a bearish trend with a downward redline and a strong bearish impulse down, there seems to be a small consolidation with a good rejection of price still indicating a downward trend,
a good entry point would be somewhere near the red trend line if your a more conservative trader,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L
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