USDJPY 4H Short after Trendline Bounce

FX:USDJPY   U.S. Dollar / Japanese Yen
32 0 3
I sell USDJPY0.67% here because we have bounced off a major channel trendline which finally ended a correction by breaking the rising wedge to the downside. At the moment we are at the retest phase so this trade is somewhat aggressive. You may wait until the last bar's low has been broken to wait for some more confirmation.
The target is approximately at the 50% retracement level of the upward correction.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out