J_Graystone
Short

USDJPY Short Structure Based Trade

FX:USDJPY   U.S. Dollar/Japanese Yen
1368 3 36
Been predicting a move down to 110 flat on this pair for a while and as you can see from the chart, we have this structure based opportunity set up.
Slightly more difficult to explain on here than the chart pattern formation stuff but that's why we have the live room!

ABCD, Fib Confluence, Structure, RSI OB             with divergence, Double Top (Although this double top is invalid to me)

See you in the live room!


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Really nice opportunity on that pair. Lots of good reasons to get short and bank potential good profit. Short since last night on a BAT and will go for traditional targets (only take 1 target at the moment), but will definetely watch how this one will unfold. See you in a bit in the live room :)
+2 Reply
J_Graystone PRO journeyofarookie2.0
Look forward to it! See you in an hour!
Reply
There is also a bat pattern completion at that very same double top. Safe trade ;-)
+2 Reply
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