Natalie.Gin
Short

USDJPY - Long Term opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
539 3 25
Not just that you can see that weird shape of a Bear Flag ,
I can also see a retest of the MA-200
I go short......
SL: Above MA200

Long Term opportunity
This a very long term opportunity. I have analysed this pair and reanalysed and waiting for it to go down to 118 then bullish to test it's last high then again down to test 118 then upward again to test 121.50 then from there it will break down but again it could be earlier however it's bearish overall and for a looooong term.
Reply
Nice post Natalie. I am already in this trade. My analysis was based on Elliot Wave.
+1 Reply
I agree. The risk to reward is to the downside in my opinion. Especially with the S&P up 13% from the lows.
+1 Reply
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