lique
Short

USDJPY short

FX:USDJPY   U.S. Dollar/Japanese Yen
307 4 2
USDJPY             short at around 50% fib or top of triangle. It shouldn't breach the previousl higher low (HL) as indicated in the chart

correction: it's not Higher Low (HL) but Lower High (LH) instead. I think you get it. :)
Hi lique,
I agree the bear, but disagree with the bear flag.
I took the liberty to make a little tweak in ur chart. Hope you don't mind.
Just an alternative view.

snapshot

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It is a downward channel, but I don't think that there is a bear flag as we had no previous downtrend but a sideward range. May be we will test the upper border of the channel before it goes down further.
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dont u mean LH (lower high) ?!
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lique haytch
oh yea sorry anyway to edit it? first time publish an idea
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