USD/JPY: bearish channel flag
U.S. Dollar/Yen Japanese forming a bearish channel flag, what we could to look a short opportunity in USD/JPY in H2 timeframe. Analyzing the price action, the trend it's move the Dollar to the downside. Also on Wednesday, we hope a fundamental news that Federal Reserve reduce the hike interest rate to 0.75% and cooling down the inflation. Also, this will be transitory this bearish side, because that put in good point that Dollar still in the strong in front of currencies and assets, what make a bull cycle in the Dollar.
So, but now, I see a short position. I add a sell order limit to $136.55 JPY. Stop Loss to $137.01 JPY and target to $134.90 JPY.
This it's the H4 timeframe because we broke-down the up trend line and right now, there's an indication to sell USD/JPY
I hope that this idea support you!!!
So, but now, I see a short position. I add a sell order limit to $136.55 JPY. Stop Loss to $137.01 JPY and target to $134.90 JPY.
This it's the H4 timeframe because we broke-down the up trend line and right now, there's an indication to sell USD/JPY
I hope that this idea support you!!!
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