USDJPY: SATURATION POINT OPENS A SMALL TRADE-BEARISH.

The USDJPY pair opens a chance for a small trade. Even this pair seems to be losing its bullish momentum.

The chart printing the candles at 110.934.

At 111.394, the market formed an impulse and reversed the trend. This point also considers as Trend resistance (saturation point).

After that, the chart printed the price momentum as a correction for the impulse.

For a long while, the price range stucks in a saturation zone and struggling to get out.

So, I’m expecting a pullback to the down. A break down yet to happen inside the correction formation.

The fall may up-to this price 110.036.

If the pullback or break down won’t appear means, end the trade at 111.356.

Have a close look at the chart, watch the move and decide your trade.

SIGNAL SPECIFICATION:

Pair: USDJPY

Order: SELL

Entry: 110.885

Take profit: 110.036

Stop loss: 111.356

Risk Vs Reward: 1.8
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Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

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