BennettTrades

Upcoming USD/JPY Short Trade

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This trade setup is not all the way here yet. I'm posting this early so you can see my mindset behind it. Currently USDJPY is in a strong down trend and will likely continue. Currently I believe that were waiting on the candle sticks to come up and bounce off of our golden ratio box. I would keep your eyes on this pair and wait till you see a clear rejection off this golden box. Then we are targeting our first Fibonacci extension level. Hopefully this is useful to you guys let me know what you think in the comments below!

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