USDJPY huge accumulation to the upside, need retracement.
Hey guys, here analysing USDJPY. Please do like, comment and follow for more.
Daily, we can see huge accumulation to the upside and it needs a retracement to correct this move. I have put Fibonacci Retracement to see where the 61.8 zone is.
H4, we can see a break of structure and a double top being formed too. Which is good, if it breaks the low and retest it, we can take a sell very easily.
I will only look for sells if it breaks the lower zone and retest it. If you want to take this trade please follow proper risk management.
Good luck. :)
Daily, we can see huge accumulation to the upside and it needs a retracement to correct this move. I have put Fibonacci Retracement to see where the 61.8 zone is.
H4, we can see a break of structure and a double top being formed too. Which is good, if it breaks the low and retest it, we can take a sell very easily.
I will only look for sells if it breaks the lower zone and retest it. If you want to take this trade please follow proper risk management.
Good luck. :)
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