scofflaw
Short

USDJPY - Potential short

OANDA:USDJPY   U.S. Dollar / Japanese Yen
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USDJPY forming potential reversal pattern ( AB=CD ) on the 15 min chart. Price is near 4H supply zone as well. Target red trend line on any short. GL!
Comment: ABCD invalid
Comment: Comments in hindsight--Short selling started, but the A point should have originated at the 4:00 candle (with the swing high as point B). My fault on the 20 pip slippage on this analysis. :/
Comment: Showing above comment:

the abcd is invalid because .639 and 1.66 aren't fibs
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scofflaw shamanforeignexchange
@shamanforeignexchange, thx for the feedback. Absolutely true, but I was not after fibs in this instance but equal distance between the moves A to B and C to D.
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