HOW TO TRADE AFTER STRONG SELL-OFF USD/JPY October 23, 2020

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On USD/JPY is nice to see strong sell-off from the price 105.480 , there is nice to see strong volume areas….

After sell-off is in the move down significant volume clusters..

Reaction on first volume cluster is done and there was nice profit!!

Another significant Volume cluster is around price level 105.3 where i plan take another short trade…

There is lot of contract accumulated…

I thing that sellers from this area will be defend this short position…

and when the price come back to this area, strong sellers will be push down the market again…

Strong sellers + Sell-off + Strong volume area is my mainly reason for this short trade….

Happy trading

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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