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Mennzz
Jul 29, 2014 4:47 PM

July 29, 2014 | USDJPY | Pre-August Outlook! 

U.S. Dollar/Japanese YenFXCM

Description

Further upside with a bearish retracement beginning around 102.52, followed by a harmonic move from 101.62 and finishing around 103.08. Be alert and stay cautious! :D

[Not responsible for any trades based on the premise of this idea. Trade with caution]
Comments
kakola
Is there a name for this type of pattern you drew?
Mennzz
You mean the trend-lines? Nah. But It's more like a harmonic continuation pattern. :D

forexswingprofit.com/wp-content/uploads/2011/04/elliot_wave_koreksi_abc_trend_sell.png
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