USDJPY Possible Short Trade
Hello Traders,
today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices.
This may be first clues that a lower extend to the downside is possible.
Looking at our Intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow as all of our indications look south with a tendency of staying for a little bit below the midlevel.
However, the market may oscillate a little further around trendline break before potentially falling further to the downside due to massive outflow in the previous hours!
We will wait for today’s close and see if potential trading opportunities occur.
Let’s see. We will keep you updated!
today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices.
This may be first clues that a lower extend to the downside is possible.
Looking at our Intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow as all of our indications look south with a tendency of staying for a little bit below the midlevel.
However, the market may oscillate a little further around trendline break before potentially falling further to the downside due to massive outflow in the previous hours!
We will wait for today’s close and see if potential trading opportunities occur.
Let’s see. We will keep you updated!
Kommentar:
We moved our Stop to Break Even, now risk-free position. 28 pips away from our target.
Trade geschlossen: Ziel wurde erreicht:
Closed our Position at our Target with +81.4 pips in profit as capital outflow gave us a kick to the downside!
