tntsunrise
Short

SHORT USDJPY AGAIN AFTER THE RETAIL SALES

FX:USDJPY   U.S. Dollar/Japanese Yen
838 4 52
1. USDJPY             BREAKS 123.80 (PREVIOUS SUPPORT)
and now today USDJPY             Pull Back and retest the structure
2. The Retail Sales Data make a pin bar at the 123.80 level
and did not closed above.
3. RSI is oversold.
4. The 123.80 is the 0.618 Retracement
5. Entry at 123.55, stop above 124.20 (the spike)
First Target : 122.50, Close Half Position
2nd Target: 120.80 , Close another Half Position
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Wise man. I have the same first target for partial tp...the second lies lower, under 120...aiming for 118-119.35
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tntsunrise TOP IvanLabrie
great!
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Agree totally with this short!
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What's your view on USD/JPY next?
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