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NCHammer

Yen futures breakdown and retest scenario

Short
Japanese Yen Futures (CME:6J1!)  
NCHammer Updated   
CME:6J1!   Japanese Yen Futures
Trend Analysis Technical Indicators Chart Patterns
3
0
trendanalysis indicator chartpattern
It appears that the yen has completed a 50% correction of the previous impulse down move. I am waiting for a breakdown through current support levels so that the MA's and MACD will turn bearish and then place a short order at this support turned resistance level.
Trade active:
Short active at 9170. Will play it down to the 0.262 retracement level as shown on the chart
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