BoonHooi
Short

Trading the USDJPY - Bearish Setup higher

FX:USDJPY   U.S. Dollar / Japanese Yen
My USDJPY             trades has been well documented here on tradingview. Still hurting from the most recent Long trade. Stopped me out of my trade before it does a 200pips move up. Anyways this is pat and parcel of trading.

Pattern Completion :
There is now a Bearish Shark Pattern completing higher. This it the third one since the beginning of the year. No wonder people say that there are sharks in the market always waiting to unce on you. ;p

Bearish Shark Pattern completing at 115.07
Stops can be above 115.50/60
Targets will be back down at 113.00
Comment: Price went up above the PRZ and after the NFP data last week, came back down below the PRZ. I am biased to the downside. However, price must go below the support trend line in order to accelerate any lower.

Comment: Crazy reaction to a rate hike. So I thought that I write more about this. You can read more in my latest article. Click on the link below

http://www.harmonicforex.com/reflections/technical-analysis-vs-fundamental-analysis

Obviously Technicals won this battle.

i'm with you on this trade.
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