USDJPY Weekly Downtrend Continuation

2020-01-06 22:39:39

Structure: Downtrend
Moving Average: 200 MA Resistance Valid
Trendline: Downtrend Line Valid
Pattern: Reversal Candlestick
Trigger: Strong Bearish Candle at Resistance Level
Support: 106.80 - 107
Resistance: 108.50, 108.80, 109.50 - 110

Wait for 4H/1H Reversal Candle at 108.50 or 108.80 Area, enter Short
SL: 109.80
TP: 107, 105