UnknownUnicorn661419

USDJPY - Sell Opportunity ?

Short
FX:USDJPY   Dolar USA/Jen Japoński
1
It seems wave C minute is about to start for a short retracement of 0.382 ~ 0.50 before starting the next Impulse on the minute time period ?

Stochastic and RSI both show oversold status with a short opportunity.
Although SMA shows uptrend on the 1H timeframe, however on the 30Minute timeframe the close has already crossed the SMA high in downwards direction, suggesting a small fibonacci/retracement at 0.382~0.50 before continuing long.

The opportunity to short this pair would be after it breaks out of the structure, possibly during this coming Japan News.

----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.

.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.