Welcome to Old Urban Rail Traces! Welcome to a quiet corner for old urban rail traces. If you have walked a disused alignment, noticed rails set in paving, or wondered where a vanished corridor once ran, you are invited to read along and add your own observations.

USDJPY, 1D Swing Trade Setup

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USDJPY, 1D Swing Trade Setup​

US Dollar / Japanese Yen CAPITALCOM:USDJPY
SmiertSpionam
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snapshot


USD/JPY is showing a bearish bias, with price moving within a clear descending channel and facing repeated rejections at key resistance levels. The impulsive move down signals a CHoCH.

The RSI is turning lower, while the MACD-Signal Line crossover signals downward pressure. Together, these indicators add confluence to a potential short setup.

The key is confirmation: watch for a BoS to enter. A favourable candlestick entry pattern would add further confluence.

#Forex #ForexTrading #ForexEducation #SwingTrading #PriceAction #TechnicalAnalysis #Tradewisenet

Disclaimer: This content is for educational purposes only and does not constitute financial advice.
 
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This is a discussion space for observing and documenting old urban rail traces in cities. It focuses on careful route reading, field notes, and photographs rather than speculation presented as fact.

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