USDJPY - A BEARISH WOLFEWAVE PATTERN ON 4 HOUR TIMEFRAME Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 11, 2016 8:32 AM

It looks like the price is on it's way to form a bearish wolfewave pattern. I've shorted the pair a couple of hours ago at the supply/overbought area, will take profit at the demand zone, when the price hit the blue dotted trendline