Critical Level for USDJPY nearing

111.700 to 112.200 are the prices im looking for entry for short. Trendlines and psychological level and fibbonacci levels are alligning there must mean it has to be important level.
The price still has power to go up as the volume is increasing

111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse.

Thoughts on this idea?

Trade ist aktiv:

Entered on Bearish flag upon the breaking of the trend line

Kommentar:

Ep 110.468

SL 110.710

TP 109.20

Kommentar:

The 4H trendline broke also, we could see it go down to 108.400 with this momentum, It will consolidate around 109.200, could go back to 110.0 area then resume the movement to downtarget of 108.40

Trade geschlossen: Ziel wurde erreicht:

reached 109.200 took my profit nice and smooth

Trade ist aktiv:

Entered short for 30 pips again.

Kommentar:

Entered short for 30 pips. if the candle closes like that on 4H chart. entering short again for 50 pips

Trade ist aktiv:

#1 EP 109.545
SL 109.80
tp 109.2

#2 EP 109.561
SL 109.80
TP 109.00

Kommentar:

#1 target reached