Prome
Short

USDJPY SHORT IDEA!

FX:USDJPY   U.S. Dollar/Japanese Yen
88 0 8
USDJPY             IS IN STRONG DOWNTREND FOR MONTHS NOW.

WE JUST HAD A BREAKOUT FROM AN UP-TRENDLINE WHICH IS
NOW BEEN RETESTED.

A NICE HEAD AND SHOULDER PATTERN IS ALSO FORMING TOGETHER WITH
THE BREAKOUT & RETEST FORMATION.

PLUS, AN ABCD PATTERN IS FORMING.

I WOULD WAIT A LITTLE MORE UPSIDE MOVEMENT TO RETEST THE PREVIOUS HIGH
(LEFT SHOULDER) AND THE 0.382 EXT.

MY TARGETS ARE THE -0.27 D EXTENSION (THAT
IS ALSO THE LAST LOWER LOW) FOR A NICE 1:7 RISK:REWARD
AND THE -0.618 FIB EXT FOR A WONDERFUL 1:10 R:R.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out