USDJPY showing all the signs of the start of a bearish trends, we’re getting the HL LL pattern forming with any moves into high prices being pushed back down by the bears.
Last session an Indecision Day formed right under resistance, just after a breakout trap occurred through the resistance level during Asia. If price continues to push lower and breaks down through the Indecision Day low then short trades could be triggered here.
If price does starts trading down below the next support level marked on the chart this would be considered very bearish and price action traders should start looking for bearish signals after market strength.
Last session an Indecision Day formed right under resistance, just after a breakout trap occurred through the resistance level during Asia. If price continues to push lower and breaks down through the Indecision Day low then short trades could be triggered here.
If price does starts trading down below the next support level marked on the chart this would be considered very bearish and price action traders should start looking for bearish signals after market strength.