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WVS_Stockscreen

Short USD/JPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
WVS_Stockscreen  
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Technical Indicators Wave Analysis
5
0
chartpattern indicator waveanalysis
This is potentially one of the most important charts regarding direction of markets overall in 2020.
If the large triangle ((wave b) of 2 or B) plays out then 2020 will see USD/JPY head a lot lower towards 95 area.
Trade possibility is selling here at 109.60 with a stop 300 points higher (112.60) and target 1400 points lower (95.60).
Roughly 3.5/1 reward/risk. Longer term trade.
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