USDJPY - Approaching Brexit highs

FX:USDJPY   U.S. Dollar / Japanese Yen
The overall trend is very bearish on this pair and we may be in a set up to short again. The high formed during Brexit day @ 1.06.818 is currently trying to be tested coupled with a fibonacci 61.8 ratio and the bottom of the Kumo cloud. This may have presented us with a C point on the way to a ABC-D formation.
Trade active
Comment: and we keep dropping...over 400 pips in profit. I am taking partial profits and may look to re enter if we get any sort of retracement. Congratulations to whole who traded this
Comment: wow...if you held our original trade you bagged 500 pips...We managed to enter this trade on the retracement as well. Here's too when all your hard work comes to the front in an easy, uncomplicated manner!!
Comment: FYI...we are bearish still however we may enter a major pullback at the beginning of next week. .look to enter sells on a that retracement
Perfect set up man, great confluences.
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