USDJPY SHORT 06/07/2023

USDJPY SHORT 06/07/2023

USDJPY Formed a hidden bearish divergence.

Volume profile
Previous day value area high aligns with equilibrium at 139.650.

تعليق:

Based on my analysis, I anticipate a downward trend in the market for USDJPY. This expectation is primarily driven by the presence of a hidden bearish divergence, which suggests a potential reversal in the current upward momentum. Furthermore, the 50 percent or equilibrium level aligns closely with the high of the previous day's volume profile, indicating a significant resistance area. These factors together indicate a high probability of a downward movement in the USDJPY market. Traders should closely monitor these indicators and consider implementing appropriate risk management strategies in light of this analysis.

تعليق:

Close position at 139.867 / +0.10%
Bullish Divergence on 5 minutes TF.

Hoping to enter short again at 140.042.

تعليق:

Price went up at 140.042.
Entered short at 140.042.

Currently in profit for +0.07

Still aiming for 139.650.

أغلقت الصفقة: تم الوصول للهدف:

TP'ed 139.688