PateSkpate

USDJPY 60min Bearish Trend Continuation Trade, ABCD Pattern

Short
PateSkpate Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Sorry this is getting out a little late. I haven't had time to Publish it due to my Daytrading this morning.

USDJPY Bearish Trend Continuation Trade (TCT). It has a CTS score of 6 depending on how you score it.

We have structure, fibs, and an ABCD Pattern all lining up in one area (Purple Box). Also the RSI went oversold.

I used the 3 Bar Reversal technique for my Entry.

Best of Luck!
Trade active:
Short from 117.890
Trade closed: target reached:
Both Targets hit last night... Trade Closed

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.