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piphunters
May 13, 2016 4:51 PM

USDJPY: Time to look for shorts again! Short

U.S. Dollar/Japanese YenFXCM

Description

The pair looks to be ending the corrective move up and any break down is a possible impulse which will see the pair break new lows, only a break above will negate this view. Trade with a sound strategy for breakouts and keep in mind an upside impulse is not exactly out of question even though I don't think so.

Comment

IMPORTANT: The setups posted here are not trade calls and are intended for informative purpose only and you should use your own strategy to determine an entry. I am unable to post everything here on Trading View, if you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.

Comment

Comment

things have changed! it's a buy now.
Comments
ard3413
I anticipate upside
piphunters
thanks, let's see.
cipsor
Also a bearish Bat pattern with an ABCD for the 4 H chart and a O2O bearish for Daily. Very nice spot. Thank you
piphunters
you are welcome
Visionary
We just had a break bellow, is it safe to short?
piphunters
I am not sure what your strategy would be and your SL, I will be getting short next week only after confirmation
piphunters
doubt now we gonna go up as an impulse but let's see how it develops next week
Visionary
Awesome feedback, thank you :)
piphunters
my pleasure
Wave-Trader
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