USDJPY TRADE: WITH ENOUGH CONFLUENCE TAKE NOTE
THERE IS QUITE A LOT CONFLUENCE FOR THIS TRADE I THOUGHT MAYBE I SHOULD POST IT OUT THERE.
NOTE: MARKET IS TOO SILENT NOWADAYS, NOTHING IS GOING THE WAY IT IS SUPPOSED TO BE. THUS, THIS TRADE MAY NOT WORK OUT. BUT OBSERVE THE CONFLUENT I POINT OUT AND MAKE YOUR OWN ANALYSIS.
W1 BEARISH ENGULFING
D1 20SMA 50SMA RESISTANCE
H4 20SMA 50SMA RESISTANCE
D1 50% RETRACEMENT CURRENTLY
H4
W1
NOTE: MARKET IS TOO SILENT NOWADAYS, NOTHING IS GOING THE WAY IT IS SUPPOSED TO BE. THUS, THIS TRADE MAY NOT WORK OUT. BUT OBSERVE THE CONFLUENT I POINT OUT AND MAKE YOUR OWN ANALYSIS.
W1 BEARISH ENGULFING
D1 20SMA 50SMA RESISTANCE
H4 20SMA 50SMA RESISTANCE
D1 50% RETRACEMENT CURRENTLY
H4