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Tradesman1996
Apr 16, 2020 12:59 PM

USDJPY SELL IDEA Short

U.S. Dollar/Japanese YenFXCM

Description

Cup and handle formation playing out on USDJPY 4H timeframe, leaning towards continued shorts.

Handle is currently taking formation after breaking a 1H upward trendline as seen on the chart.

Sells can be found immediately or upon retest of base of the cup and handle formation, which could potentially see +200 pip take profits.

Always trade cautiously and with appropriate risk management.

Like if you agree with this setup, and happy trading!!!





Comments
transparent-fx
I marked up usdjpy in this way from a MTA point of view
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