TheForexSamurai

A simple H and D S/R for a TCT for a short opportunity + Fibo

Short
FX:USDJPY   Dolar USA/Jen Japoński
Hi guys we got a sell/short opportunity here as for a TCT to the downside. I am still expecting market to go down and create a new lower low as seen in the chart. Ill be looking for a short/sell signal or confirmation once price goes into my PRZ by which there are confluence such the weekly diagonal S/R (that can be seen in the weekly TF) and a visible Horizontal S/R plus the 61.8% -78.6% Fibo retracement. Could there be a retest and a short/sell opportunity in the future. We will see.

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