USDJPY: Potential Short Trade Explained 🇚ðŸ‡ļðŸ‡ŊðŸ‡ĩ

āļ—āļĩāđˆāļ­āļąāļ›āđ€āļ”āļ•:
āļŠāđāļ™āļ›āļŠāļ­āļ•

On a today's live stream, we discussed USDJPY pair.
The price is currently approaching an important zone of confluence:
we see a perfect match between a horizontal supply area and 618/786 retracements of the last 2 bearish impulses.

To short the pair with a confirmation, watch a double top formation on 4H.
We need a 4h candle close below 134.3 - 134.6 horizontal neckline.
Then selling on a retest, our initial target will be 133.0

Alternatively, if the price sets a new higher high on 4H, the setup will be invalid.

âĪïļIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!âĪïļ
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
Check my new idea on AUDUSD:
AUDUSD: Important Breakout & Bullish Continuation ðŸ‡Ķ🇚🇚ðŸ‡ļ
dollarDouble Top or BottomFibonacciForexMultiple Time Frame AnalysisTechnical AnalysistradingUSDUSDJPYDJ FXCM Index

✅Join My Telegram Channel: t.me/VasilyTrading

❗ïļYouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅
āđāļĨāļ°āđƒāļ™:

āļāļēāļĢāļ™āļģāđ€āļŠāļ™āļ­āļ—āļĩāđˆāđ€āļāļĩāđˆāļĒāļ§āļ‚āđ‰āļ­āļ‡

āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš