shorting usdjpy idea from W1 timeframe
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doing a top down analysis of the pair overall trend is bearing but my chart i flipped it for a different view or angle but the main idea is price currently lost momentum at its current spot and has a good chance of retracing a few points back before it continues going bearish. However this is only an idea as the price can chose to shoot up or create a gap but either way personally ill wait till either it retraces and then i place my short positions or i let the price shoot and i look for entries after the support has been broken and retested again better safe than to lose money
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