KaQing
Short

(H4) USDJPY Analysis

FX:USDJPY   U.S. Dollar/Japanese Yen
157 2 6
88.6 XA of a bearish Bat lines up with a daily resistance level . We entered a Supply zone and there is a possible 161.8 ABCD Completion. RSI is overbought. I will stack my entrys. First entry at the 161.8 ABCD completion, the second entry at the 88.6 Level. First target level is a fresh demand zone , the other targets are the 38.2 and 61.8 retracement levels. I enter without confirmation.
Trade active: 161.8 ABCD entry is triggered.
Trade closed: target reached: 1st target reached. Stops to breakeven.
KaQing d.abdelrhmansabry
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