shomonrobie
Short

USDJPY Sell Counter Trend Line Break

FX:USDJPY   U.S. Dollar / Japanese Yen
Analysis:
========
Monthly StochRSI is OVERSOLD; monthly AB DOWN SWING - Price is moving down towards 1.618 TARGET
Monthly Las AB Down SWING: price is at . 382 Retracement

Weekly StochRSI is GOING UP
Last AB Up Swing; Price is moving down towards 1.618 TARGET

Daily StochRSI is oversold - UP A (@ 111.824) B (@105.408) SWING - Price retraced back to .236 @ 110.098
Daily Counter trend-line is NOT BROKEN YET; wait for the counter trend line back; move STOPLOSS to Break Even if price drops near the backside of the down trend line and a bulish candle stick formation occurs; price can reverse to fill the VOID between inner trend line and last trend line

Daily BIAS is bearish
Daily - Pivot Point

4 hour StochRSI is overbought
2 hour StochRSI is overbought



First target 1.27 and 1.68 of AB Swing @ 104.00
2nd target 1.68 of AB Swing @ 101.438

Trade VALID if price breaks the last counter trend-line below the downtrend-line

Stop Loss 112.157
Take Profit 104.074
Risk Reward 2.49

TIME REQUIRED: NA
Trade closed: target reached
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