USDJPY Short setup waiting the FOMC!

16 thg 8, 2023

Good morning traders! While observing USD/JPY, I have noticed that the price at the 145.48 level aligns precisely with the third touch of an H4 bullish trendline. Today, we have the FOMC, so please exercise caution. In my opinion, the price could provide clear reversal signals in the event of a trendline break and subsequent re-test, which could lead the price to the next swing low break. Once the swing low is breached, I will await a re-test at the 145.12 level before entering a short position with a target of 144.12. At that point, we have an H1 FVG (Failed Visual Guide) – a potential reversal point that could reintroduce a long scenario for USDJPY. Let me know your thoughts, comment, and leave a like to support the hard work. Happy trading to all!