USDJPY Short
8H TF
Fundamentals suggest bearish trend
Mon 3pm USD industry expansion forecast positive
Wed 1pm JPY some volatility during Gov Koruda's speech
- interest rates
By Wed 3pm USD showing more industry expansion.
Fri 1.30pm USD NFP
1) poss 3rd touch of trendline
2) EMA respecting on 8H, not as strong in lower TFs
3) Psych level with prev support broken
4) HH, HL, HH, HL bearish structure (apart from most recent HH)
5) Downward corridor
6) look for candlestick rejection
Approach with caution
Fundamentals suggest bearish trend
Mon 3pm USD industry expansion forecast positive
Wed 1pm JPY some volatility during Gov Koruda's speech
- interest rates
By Wed 3pm USD showing more industry expansion.
Fri 1.30pm USD NFP
1) poss 3rd touch of trendline
2) EMA respecting on 8H, not as strong in lower TFs
3) Psych level with prev support broken
4) HH, HL, HH, HL bearish structure (apart from most recent HH)
5) Downward corridor
6) look for candlestick rejection
Approach with caution
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