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jaspertung

Short USDJPY with a risk reward of 2.55.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
jaspertung  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
6
0
trendanalysis chartpattern waveanalysis
Reason to enter:
1. Higher low has been tested along the lower trend line.
2. Candlesticks have been tested around the Fib 38.2 for few times and fail to break through.
3. A double bottom has been formed during the daily and weekly timeframe.

My TP level will be set at 109.6 and my SL would be around 110.3.

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