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Hoofus
Nov 12, 2018 10:49 PM

Looking for retracement to the 0.618 and then macro wedge break Short

U.S. Dollar/Japanese YenFXCM

Description

On the 4 hour there is a potential double top. I am expecting an entry at the 0.618, this will be followed (hopefully) by target 1 coming at the return of that move.
However on the macro daily pattern there is a rising wedge; so I am hoping that target 2 will drop to the bottom of this wedge or maybe 50%
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