TRADE: USDJPY: Completed bearish cypher (+495 pips possbile)

FX:USDJPY   U.S. Dollar/Japanese Yen
I am already SHORT on this pair from 125.00. I went SHORT after the negative NFP figures came out yet this pair headed up when it should've went down. Not to get into any fundamental reasoning for this kind of PA (it doesn't matter), when I saw this happening, the PA signaled bearish . So I took SHORT position when it hit 125.000 expecting that to be resistance. Also, I knew that this bearish cypher I posted about 20 days ago was now filled.

Because I am expecting a large move down in a new downtrend corrective wave, I am inclined to hold on to my SHORT positions though for the long term. But I am posting the TP1 + TP2 here as I will be closely monitoring the trade to decide how much profit I will take off this cypher .


Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
MTD REAL Documented Results: over +1000 pips PROFITS!
Want more profitable forecasts like this? We have several more markets where we are predicting HUGE moves to come! Subscribe and get them! Go here. Get 50% off NOW!: http://bit.ly/2nJ0MoP
thank so much
definitely yes, shorted this last night based on that setup although I based my actual entry on a 2618 at 124.67, I think UJ and dollar index may fall very soon

EURUSD is rallying, euro across the board really... and oil as well so usd is likely to drop
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out