11021992
Short

USDJPY short at structure

FX:USDJPY   U.S. Dollar/Japanese Yen
214 1 12
Hi all,

About two weeks ago I was looking for a long position near the 116 on the USDJPY             . Price managed to break through the support and hit my stoploss.
However, I expect this support to turn into resistance now. The same entrypoint, but now to the downside.
-----------------------------------
INFO ON THIS TRADE
Entry: 115.85
Stoploss 117
Target 1: 113.453 (Risk:Reward = 1 : 1.8)
Target 2: 111.15 (Risk:Reward = 1 : 3.63)

When being 100 pips in profit, move stoploss to breakeven or above recent structure.

Best of luck!
Comment: Nice AB=CD that leads towards the entry point.
Please see below.
Comment: A triangle is forming. Waiting for a breakout.
Analysing the EUR/USD and GBP/USD for this week at https://youtu.be/gUqlA8uSWzY

Interested in learning about harmonic patterns? PM me :)

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