FX:USDJPY   U.S. Dollar/Japanese Yen
947 5 31
Finally out of consolidation on this pair and as we have been predicting a move down to at least 110 flat for quite some time now, we can look to get short.

HOW? Well the first opportunity that meets my trading rules is in the form of this Bearish Gartley formation at 111.79

I will be shooting for target one at a retest of the recent lows.

Below is a video I did on this pair a few weeks back explaining how I shoot for targets when expecting an extended move.
Looks like our analysis is correct again!

https://youtu.be/nptyTfXUURc


If you are interested in this style of trading or would like to see what it really takes to be independently, consistently profitable, then go over to http://tradeempowered.com/london-live-room/ and come into my live room for a week for FREE to watch me trade live.

FOLLOW ME BELOW TOO!

http://tradeempowered.co.uk/
https://twitter.com/J_Graystone
https://www.youtube.com/channel/UCCDu1S_OmR5XtM-AzL-_U1Q
https://www.facebookcom/JGraystoneTE/
https://www.instagram.com/j_graystone/
http://www.tradeempowered.co.uk


jayhong
a year ago
Hi Jason, this is the situation always makes me hesitant since I found a stronger up leg (from 110.667 to 111.998) before your XA and especially the XA did not close down below that up leg. How do you make the decision like this? thanks!
+1 Reply
J_Graystone PRO jayhong
a year ago
I have to take every valid Pattern that meets my trade plan rules
Reply
jayhong J_Graystone
a year ago
thanks! Great, rule is rule:D
Reply
RamdzanY
a year ago
nice. But not the XA leg that stands out to me.. I would look X=112.95 though for bearish bat pattern. good luck!
+1 Reply
JohnSS
a year ago
There's also major hidden divergence. I've been short since the break of 113.00 - targeting the round number area of 110.00.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out