Hi Traders! USDJPY trend line break will provide sells for us. A detailed analysis of this sell setup is as follows:
USDJPY H4 Chart:
On the H4 chart the price is on an uptrend and the price is moving higher. We have a perfect uptrend line that has formed and the price is respecting this dynamic support so far. Currently the price is moving lower towards this trend line and if the price moves lower further and if we get a valid breakout below here, then it should open the door for bears. We may then look for bearish evidences and start looking for sell opportunities.
Invalidation: If we didn’t get a valid breakout below the trend line and if the price respects the trend line, moves higher again above the last swing high then this setup is invalidated.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
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