unique4x
Short

USDJPY Forming ABCD Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
*Update: This pattern has failed to complete formation therefore cancelling the trade idea.

USDJPY             is in the process of forming an ABCD pattern on the 30 Min chart. Although this pair has been in an uptrend over the past year we can expect this pattern to play out, and if proven correct it will present a nice short scalp opportunity. Prices should stall between 124.550 - 124.620 and retrace down to 124.440 - 124.350. When scalping remember to stick with your stops, 10 - 30 pips is recommended. Our algorithm is giving an 82% chance of this price action playing out over the few hours.

Discipline is key to survival when trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out