USDJPY Time to sell?

3 באוק׳ 2016

The USDJPY it's showing a nice setup to the short side, currently price it's touching the bearish trendline zone, at the same time this zone matches with a past resistance (purple zone) and the 61.8 retracement level of Fibonacci, let's just wait for a confirmation candle to place a sell order.

4 באוק׳ 2016

הפקודה בוטלה

USDJPY break trendline to the upside, that's the importance to wait for confirmation, we never see any candle to show us an entrance signal to go short, trade really never trigger.
Now let's observe how bulls behave and wait for a pullback to go long