FX:USDJPY   U.S. Dollar / Japanese Yen
949 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


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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
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
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
I have to take every valid Pattern that meets my trade plan rules
Reply
jayhong J_Graystone
thanks! Great, rule is rule:D
Reply
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