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KatlehoMaleka
Nov 7, 2017 4:03 AM

USDJPY Short opporunity. Short

U.S. Dollar/Japanese YenFXCM

Description

This USDJPY chart looks good for a sell. We have the Extreme Bearish Harmonic Impulse Wave at an 0.886 retracement, although it went higher than that and retested the X point, it is still valid because it didn't break and close above it. We also have with an ending diagonal, with the clear Elliot waves inside it. It is also on a nice supply zone on the Daily chart, and it closed with a shooting star Daily candle. We also see the bearish divergence on RSI. I opened a short position last night, with the stops above the shooting star and targets at the demand zone. One Good Trade.
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