RaynLim

Trade Ideas Analysis: USDJPY Check-Back

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
If a break below and close below of the current candle happens, I will engage a short trade.

Trading at C is not what I advocate traders to do. The reason is that it is not a pattern until it completes and reverses at point D.

In this case, it is possible because it has a Bearish Gartley Pattern that was ahead of it and a check-back to the HSI Arrow and a relatively acceptable reward: risk.

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