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KaQing
Oct 5, 2016 7:48 PM

(H4) USDJPY Analysis Short

U.S. Dollar/Japanese YenFXCM

Description

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.
Comments
d.abdelrhmansabry
Zion
KaQing
Zion?
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