Fxprotrader
Short

USDJPY It Doesn't Get Any Better Than This

FX:USDJPY   U.S. Dollar/Japanese Yen
7 months ago
Price has reached a daily downtrend, it has been rejected from that level, it broke below the wedge it was moving in, it's consolidating below the broken level and MACD bearish divergence is present. Great sell opportunity here..!

Like and comment for updates... If a setup comletes i will come back letting you all know.!

Daily downtrend:
snapshot
7 months ago
Comment: I believe you are about to have a correction. So for those who are in it's a good idea either to take their profits or hedge waiting for the next move to the down
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julia17
7 months ago
Also wait higher for short entry, but from 108.5
snapshot
Reply
Fxprotrader PRO julia17
7 months ago
Your patterns don't look valid to me... What kind of pattern is the blue one?
+1 Reply
Dguaman Fxprotrader
7 months ago
Yeah looks really weird ... :-|
Reply
Swerver Dguaman
7 months ago
Looks like a very loose formed Butterfly, not valid at all due to XAD not meeting requirements. the other values are still pretty loose. Not a pattern for me.

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julia17 Fxprotrader
7 months ago
it's Alt bat
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PipsUniversity julia17
7 months ago
When it's 0.50 B point you are working with a Bat or Crab. If you see a 0.50 as the B point on a crab you will usually see a 3.618 D leg. Which means it may go up to test 112.000 before dropping. Which would make sense as well due to the expanding wedge on the 4hr too. Good luck!
+1 Reply
Fxprotrader PRO PipsUniversity
7 months ago
Well said..!
Reply
JumpJumpBunny julia17
7 months ago
Good try, the CD leg value is slightly too far/high. There is one but not valid due to price moving to high up, but if you has AO indicator it will show you the divergence.
Reply
nahidik PRO
7 months ago
I have a similar set up with one warning about the gap just below. It may cause a bounce. If it beaks below the gap it will generally strengthen the gap as a resistance level.
USDJPY some down before the up
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Fxprotrader PRO nahidik
7 months ago
Thanks for sharing
Reply
JaimePantoja
7 months ago
Hi, similar view to me :)

USDJPY possible short trade
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Fxprotrader PRO JaimePantoja
7 months ago
Nice ;)
Reply
TAKAFX
7 months ago
USDJPY SELL SETUP
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Fxprotrader PRO TAKAFX
7 months ago
Thanks for sharing
Reply
Funny_Jasper
7 months ago
I agreed, for me I am a zone trader,
I am waiting for that zone ,too.
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Funny_Jasper Funny_Jasper
7 months ago
USDJPY
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Fxprotrader PRO Funny_Jasper
7 months ago
Great
Reply
marcus123
7 months ago
nice analysis and potential set-up!
Reply
Fxprotrader PRO marcus123
7 months ago
Thank you
Reply
aa2016
7 months ago
Now that USDJPY has crossed 106.4, what is your opinion for short?
Reply
Liamfeltham aa2016
7 months ago
Look for reversal and a rejection soon
Reply
Liamfeltham aa2016
7 months ago
Don't rush sit and wait like a sniper
Reply
Liamfeltham aa2016
7 months ago
I'm looking to short at 106.9
Reply
aa2016 Liamfeltham
7 months ago
you were right.
Thanks
Reply
Fxprotrader PRO aa2016
7 months ago
Wait for a setup based on your startegy
Reply
Fxprotrader PRO Fxprotrader
7 months ago
*strategy
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Dguaman
7 months ago
Any Update Sir =) Thanks ! by the way, do you have a COPPER chart???
Reply
JumpJumpBunny
7 months ago
I booked my profit, going for re-enter...
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Fxprotrader PRO JumpJumpBunny
7 months ago
Great ;)
Reply
karim7
7 months ago
hey i just wanted to ask if youre going to leave this for about a week? when are you looking to getting out of these pairs?
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