USDJPY Trading Idea 8 Oct 2021

٨ أكتوبر ٢٠٢١

I think the overall market is in the downtrend, one should look for the selling opportunity. In my personal opinion, Price gave a strong rejection at the resistance forming a bearish engulfing pattern to conform the sell order with a stop loss at 113. 27 level on the daily time frame. I am bearish with this trade. A possible profit target can be around 109 or somewhere around.