USDJPY - Trade Opportunities
I'm currently biased short on this as last week formed a doji and getting to price that is higher where buyers are losing strength and sellers are gaining control. A break above to the top of the triangle will look for some good short opportunities.
On the 4HR TF, a Nice "M" pattern starting to form for reversal. Aggressive entry is short now, passive entry is wait of the signal to short. It needs to have a strong break above 113.50 to go the 115 mark in my opinion. Be careful as current price action might be a false break as completing the last leg of the "M" pattern on 4tf.
On the 4HR TF, a Nice "M" pattern starting to form for reversal. Aggressive entry is short now, passive entry is wait of the signal to short. It needs to have a strong break above 113.50 to go the 115 mark in my opinion. Be careful as current price action might be a false break as completing the last leg of the "M" pattern on 4tf.
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