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NickofJupiter

USDJPY Short Analysis

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
NickofJupiter Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USD USDJPY Moving Average Convergence / Divergence (MACD) divergences Trend Lines structure Fibonacci Harmonic Patterns Bearish Patterns breakout
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usd usdjpy macd divergences trendline structure fibonacci harmonicpatterns bearish breakout
We have a channel structure based short position with some MACD divergence.

I actually took the trade on the 1 hour chart on the break an retest of the symmetrical triangle. Target is the yellow rectangle zone.

Will add to position at the previous channel line IF we retest around a 618 fib retracement.
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