USDJPY Trade Idea

15 ก.พ. 2021

Hi Traders, I took a few days off to fully enjoy the precious time with my family & friends celebrating Chinese New Year, It's been so long since I'm totally off the chart for several days. For those who concerned if I'm okay, I am fine :)

In today's trading session, I will be focusing on short-term selling opportunities. As there's a clear impulse rejecting the 105.70 resistance zone (First impulse). Currently UJ is having a pullback, in this case we've no clear support & resistance zone to guide our entry, I'll be using the fib level to anticipate the bearish continuation zone. Pay attention to both the 00.5 & 0.618 fib level as potential retracement zone with 103.700 support zone as the target. However, if price violates both the 0.5 & 0.618 level, that would invalidate the short setup.

Do not forget the overall trend on the higher timeframe remains bearish.

Trade safe.

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15 ก.พ. 2021

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