Hi traders
We will be looking for a rejection here at the top end of our channel to allow us to start looking for shorting opportunities on lower time frames.
Price long term is still massively bearish and we are anticipating some JPY strength coming into the market soon that should pull this down. We do want to see the market reject this here and rather than pick out the tops we want to see structure change for us on lower time frames to give us confidence to enter on this pair.
Let me know in the comments below what you think of this pair.
Remember trade safely and 1% is always enough.
The Fx Chartist
We will be looking for a rejection here at the top end of our channel to allow us to start looking for shorting opportunities on lower time frames.
Price long term is still massively bearish and we are anticipating some JPY strength coming into the market soon that should pull this down. We do want to see the market reject this here and rather than pick out the tops we want to see structure change for us on lower time frames to give us confidence to enter on this pair.
Let me know in the comments below what you think of this pair.
Remember trade safely and 1% is always enough.
The Fx Chartist
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