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[
Tricky Times, I'm Counter-Trend Now! 
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Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
... more[ Tricky Times, I'm Counter-Trend Now! ]
Despite my Dollar Bias, all eyes are on US Secretary Treasure, Ms. Janet Yellen's upcoming speech in Bloomberg. Analyzing her insights could confirm the dollar's bullishness for the year ahead.
On the Daily Chart (right), there's an outside bar on the support line. Patient traders await one more day's candlestick before deciding their next move.
If you're determined to short USDJPY, keep an eye on the 1-hourly chart (left) at 138.89, as long as the market stays within the sell zone. It's worth considering.
On the other hand, if you're bullish, pay attention to the key level at 138.21 for a potential head and shoulders pattern, indicating a buying opportunity.
⚖️ If you're torn between shorting and buying, observe how the market behaves at 138.21. A violation confirms your short, while no violation means a tough decision awaits.
Live chart:
https://www.tradingview.com/chart/USDJPY/h1HfLCbj-Tricky-Times-I-m-Counter-Trend-Now/ />
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#USDJPY #headandshoulders #keysupport #outsidebar #countertrend #candlestickpattern #candlestickanalysis #sellzone #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #DollarBias #CounterTrendTrading #JanetYellenSpeech #TradingInsights #MarketAnalysis #TradeWisely less
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[Counter-Trend on Dollar-Yen]
� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to... more[Counter-Trend on Dollar-Yen]
� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market.
Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! ��
#USDJPY #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned
Live chart:
https://www.tradingview.com/chart/USDJPY/Do6TnUmE-Counter-Trend-on-USDJPY/ />
Redeem Free Training by clicking the Pin Messages in the Traders Cafe Chat�
https://discord.gg/AKDr9vPqH7
#USDJPY #keyresistance #countertrend #candlestickpattern #candlestickanalysis #supportandresistance #ForexAnalysis #TradingOpportunities #TradePlan #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned less
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Retest of Double Top: Watch for a retest of the double top pattern completing at 1.2745 on the 4-hourly chart.... more 
Market Reaction: As two trader groups converge at 1.2745, expect heightened volatility and rapid movements. Stay prepared! 
Trade Strategy: Exercise caution with counter-trend trades. Set conservative targets and manage risk effectively. Scale in wisely. 
Stay Vigilant: Continuously monitor price action and adapt your approach as the market unfolds. Protect your capital! 
