USDJPY remains overall bearish, trading within the falling red channel.
Price is now approaching a strong technical intersection formed by the upper bound of the falling channel and the blue supply zone around the 158.50–159.00 area.
As long as this intersection holds, we will be looking for trend-following sell setups, with the broader bearish structure remaining intact.
A clear break above both the supply zone and the upper trendline would invalidate this bearish scenario.
📌 The trend is bearish. Now we wait for the right location.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is now approaching a strong technical intersection formed by the upper bound of the falling channel and the blue supply zone around the 158.50–159.00 area.
As long as this intersection holds, we will be looking for trend-following sell setups, with the broader bearish structure remaining intact.
A clear break above both the supply zone and the upper trendline would invalidate this bearish scenario.
📌 The trend is bearish. Now we wait for the right location.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.