USDJPY: Two Factors to Watch for Shorts

Price has reached the sliding parallel of a downsloping median line, above the upper parallel where previously found good resistance dropping to the down. Now testing the same parallel we may see that we have a massive rejection a very good signal that sellers are making the presence once again. If you trade candlestick formations you already have a nice bearish pinbar to go with. Otherwise just wait for a sell setup completion and aim for the sliding parallel acting as support, as shown in the chart

Kommentar:

NIce bearish flag forming. Selling the breakout is a nice idea

Kommentar:

In case you sold the breakout ( you are now in good profit ) moving your sl at BE is a nice idea