UsdJpy Short Confluence trades
Last month, Strong bearish candle. Weekly trading below 200,50.20 EMA. Last week closed Below monthly level 106.00. Daily tweezer tops formed
at Monthly 106.00 which indicates a reversal. Anytime there is a break of structure we will retest structure. On a 4hr we have now broke previous Low @ 105.600. Respecting all EMA's on a 1hr time frame. Fibonacci Levels line up with EMA'S. Tweezer top (reversal signal) forming @ our entry level 105.600 . Waiting for 1hr candle to close either tweezer tops or bearish engulfing. will Revisit shortly. Alerts have been set.
at Monthly 106.00 which indicates a reversal. Anytime there is a break of structure we will retest structure. On a 4hr we have now broke previous Low @ 105.600. Respecting all EMA's on a 1hr time frame. Fibonacci Levels line up with EMA'S. Tweezer top (reversal signal) forming @ our entry level 105.600 . Waiting for 1hr candle to close either tweezer tops or bearish engulfing. will Revisit shortly. Alerts have been set.
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