Reasons to short USDJPY:
- Clear down trend;
- The price hit the top of down trend line;
- Stoch(533) pattern (3 ascendent waves, near 100);
- 120.700 is a strong support;
Before open a position wait for a candle reversal pattern in the top of down trend line.
TP and SL are ploted on the chart.
- Clear down trend;
- The price hit the top of down trend line;
- Stoch(533) pattern (3 ascendent waves, near 100);
- 120.700 is a strong support;
Before open a position wait for a candle reversal pattern in the top of down trend line.
TP and SL are ploted on the chart.