USDJPY possible rotation from SR zone & POC
USDJPY created a new yearly high on 111.658 and a lot of new investors came into long poitions. Ater that the price made crash and came back under the 110.966 to SR zone.
I will observe the price and find ideal spot for short trade. I think price will go down on wednesday this week.
Fibonnaci 0.5 is almost same as the POC level there's lot of acumulated value.
0.5 is a level where are mostly created ABCD gartley patterns.
Price actually made a breakthrough a bullmarket symmetry and now doing pullback to it.
Price is into a SR zone and currently under previous yearly high from 31th March.
There are lot of reasons why i want to do a short trade here but in total there's still no action from price and price is not there yet, thats why i wrote ? symbol there.
So currently i will just wait and observe, it's in strong bullmarket and rotation is not confirmed, but if price will give some meaningful signal im in it.
Wish you lot of succsess, enjoy!
I will observe the price and find ideal spot for short trade. I think price will go down on wednesday this week.
Fibonnaci 0.5 is almost same as the POC level there's lot of acumulated value.
0.5 is a level where are mostly created ABCD gartley patterns.
Price actually made a breakthrough a bullmarket symmetry and now doing pullback to it.
Price is into a SR zone and currently under previous yearly high from 31th March.
There are lot of reasons why i want to do a short trade here but in total there's still no action from price and price is not there yet, thats why i wrote ? symbol there.
So currently i will just wait and observe, it's in strong bullmarket and rotation is not confirmed, but if price will give some meaningful signal im in it.
Wish you lot of succsess, enjoy!
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