• Vasily Trader

USDJPY: Update & Same Plan: (video analysis)

Little update for my yesterday's trading plan on USDJPY.

The price keeps growing and being within a strong daily supply zone

I am still looking for shorting opportunities.

Since yesterday, the price set a new higher low,

making me adjust the previously drawn channel.

Our plan remains the same:

we need to see a bearish breakout of a rising channel to confirm a coming bearish move.

The impulse must initiate strictly from the red supply area.

In case of its bullish violation, the setup will become invalid.

Closest key support - 109.6