BigShouldersTrading

Potential short USDJPY from h1 levels

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions

We are watching two levels: the current reaction at 109.38 and a potential higher reversal at 110.81 in the larger 111 price area.
Traders should use trading systems to generate entries/SL on any selected levels.

Comment: m15 position building level
Comment: m15 1-1RR
Comment: m15 close to 3-1RR movement, partial profit taking area
Comment: m15 profit point 2 109.8, 5-1 RR
Comment: 110.3 "blind" short continuation postion
Comment: short continuation management
Comment: short continuation profit point
late post, 109.4 was the target area
Comment: m15 now with buying pressure
Comment: management point long side, partial profit taking

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