FX.co ★ remington.kihn | USD/JPY

USDJPYHello traders! According to the M15 chart, the linear regression channel is sloping upwards, indicating buying pressure aiming to reach the level of 158.418. There is now an opportunity for buying. However, it's better to wait until the H1 linear regression channel also starts moving upwards before making purchases. I consider buying from the lower channel boundary at 157.700, but I will be monitoring sellers who may push below 157.700 with confirmation. If this happens, I will stop buying as there is a high probability of continued selling in the H1 trend. If the bulls manage to hold above the level of 158.258, then I will continue buying. The market sentiment will shift towards the buyer.

Analyzing the charts and data, I understand that the market is currently in a strong bearish trend. To profit from this, I need to find the moment when the price reaches the upper channel boundary at 158.258 and starts moving downwards. Once I notice this moment, I will look for an opportunity to sell the asset towards the level of 157.407. If the price breaks the target level, it will be a strong signal for further selling. However, it's important to remember that a correction may occur after this, so it's necessary to monitor the market and prepare for a possible reaction from the bulls. It's crucial to understand that if the level of 158.258 is surpassed by the bulls, it could indicate bullish interest in the market, leading to a reassessment of the situation and cancellation of sales. Therefore, it's always important to monitor changes in the market environment and be prepared to adjust the plan if the market situation changes.