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Iridium
Feb 11, 2015 1:38 PM

USDJPY SHORT TERM SHORT Short

U.S. Dollar/Japanese YenFXCM

Description

Short term sell on usdjpy, trading constricted into a converging wedge throughout over night trading only to break through the lower trend line coming into the US opening. There is a confirmed macd divergence as well as a bearish reversal bar. All these bearish reversal patterns suggest lower trading throughout today's sessions.

STOP: 119.95
TARGET 1 ^T1 119.50
TARGET 2 ^T2 119.25
^RAR (RISK AD RETURN) 3:1
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