USDJPY - Potential Bearish Reversal!

2022年4月6日

Hello everyone, if you like the idea, do not forget to support with a like and follow.

USDJPY is approaching a strong weekly resistance area in green so we will be looking for sell setups.

H1: USDJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.

Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)

Meanwhile, until the buy is activated, USDJPY would be overall bullish and can still trade higher inside the green resistance.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich