USDJPY corrective structure break (short opportunity)
(1H):
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation