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FXShinobi

USDJPY SHORT OPPORTUNITY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FXShinobi Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyshort USD
7
0
trendanalysis harmonicpatterns chartpattern usdjpy usdjpyshort usd
Price has broken the red line structure, look for retest to short. This is looking like a head and shoulders to me.

Overall bias: short, price respected the downward trend, weekly pinbar.
Comment:
Price has moved up due to Trump announcing the release of the transcripts of the call he had with the Ukranian president. Buy the rumour, sell the news. Good time to get in.
Comment:
nice bearish pinbar off the red line. momentum still downwards!
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