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TheForexSamurai

W1 - Almost 4000 points to TP 1 from current market price...

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TheForexSamurai Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Chart Patterns
9
7
harmonicpatterns trendanalysis chartpattern
An opportunity to short/sell this market as price is still currently on my bear gartley setup PRZ confluence to a possible C pt PRZ of a potential bullish Cypher by which is also a PRZ of a potential Bear AB=CD pattern/setup. An authentic Gartley pattern has a valid AB=CD rule to it just like what market is giving us now. Ill be waiting for a confirmation or further market/price action to short/sell this as I have a potential fixed 4000 points down to TP 1 or could done by a conservative and precise profit taking as market is already OB as seen on the RSI with 77.85 in number and forming a divergence. Trade with care and at your own risk.
Comment:
Shorting anytime soon. I could put pending sell stop orders below 113.50 and stops just above 114.73 or 115 psychological number.
snapshot
Comment:
Almost near halfway to TP 1 (2,000 points more or less) if taken the setup above. We also got a a new setup on this one as well, check latest analysis.

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