Labworx
Short

USDJPY Sell Idea

FX:USDJPY   U.S. Dollar / Japanese Yen
102 1 1
USDJPY            

Sell the break of the bottom TL.

Aim towards 50 % FR of the triple cycle.

New highs = trade invalid
I like this idea, I'm already "in" at near break-even as we sit here. "Reward-wise.. there are WAY MoRE STOPS in a retrace to >382, .50 or even .618 than there are if a "Big-Player" would take this pair higher. Low Liquidity would be a time when we could see the "Bigger-Pirates" among us take advantage of this. Altho-BOJ is & has been playing like .. Covertly, as we all know. Their Algos (BOJ) are working .. about 1/2 the time, maybe. Beware tho.. Holidays often present very UNINTUITIVE moves... Much luck to you all .. Happy Turkey!!
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