X5
Short

USDJPY H1 short trade still active

X5  
FX:USDJPY   U.S. Dollar/Japanese Yen
58 0 0
Price advanced trough the bearish ABCD detected in H4 chart. I get the same on H1 chart, but another bearish ABCD pattern emerges and suggest a brief lift in the price, but the downtrend remain a little bit more.

The bullish divergences ( STO             13,3,5) on D1 and H4 charts warning the end of the downtrend… Although, there is no bar reversal pattern yet.

I remain the short trade active, moving SL to 116.96 just in case… if the bearish ABCD pattern is confirm on H1 chart, it could give another short trade opportunity.

Note: blue lines correspond to H4 chart analysis ( bearish ABCD pattern )

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