Yen/Jpy pairs have been bullyish this past week, expecting it to continue
before we may start seeing selling pressure, if price hits 61.8 fib retracement,
Higher time frame signalling a potential downside channel
This is just a trade idea!!
All about patience and seeing how price plays out.
Potential 200-300 pip move to the downside
#JugFX
Trade active
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Price has already started it's bearish momentum
Evening star has been formed on DAILY
with a shooting star formed on Weekly
Could see price head down to the 0.236 fib retracement level and possibly lower down to the 79 area
Just what I see - a potential idea
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Price has spiked on respected target of 61.8 fib retracement. Could potentially see some bearish momentum on AJ as evening star has been formed on the daily
Remember - No confirmaton, No trade
#JugFX
Trade active
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aj sells is now active - I did say once price hits the 61.8 fib retracemet, we could potential see some bearish action! master the charts and the rewards will follow!!
#JugFX
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I also did mention, the bullyish momentum which happened could potentially continue with the yen pairs which it did. But this was just a fake out
trade carefully - I must remind myself this everyday
#JugFX
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180+ Pips if you had caught the sell from the 61.8 fib retracement!!
Move Up SL and let price play out
#JugFX
Trade active
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Looking at Long term sells on AJ, as we can see a strong bearish engulfing candle on the weekly,
expect some retest, retracements etc
#JugFX
Trade closed: target reached
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Should've taken profits with AJ - will be keeping my eye on this pair