Hi traders!
Here we have the USDJPY yet again! This looks to tempting to not try again! That wick that caught us off guard last Friday is now out of the way. A pretty bold MM move happened and now we are witnessing a change of trend across all major pairs. UJ hasn't moved as much as gold did which would indicate a bigger potential for that juicy drop
MACD crossing!! Look at that!
RSI hitting that red line always meant for the 3 last time a drop in PA.
Pretty simple analysis! No need to dig deeper than this!
Here's what I'm thinking:
USDJPY SHORT:
ENTRY : 112.70
SL : 113.418
TP : 110.395
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.