A possible 500+ pips movement down!!!

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Hi guys i am looking more on to short/see this pair with a potential bearish setup and a potential 500+ pips movement down together with a bullish setup and a long opportunity depending on future market action (zoom out the chart to see where and why). Nevertheless there would still be levels of TP on this setup. Trade with care everyone.

Comment:

If you have taken this setup. TP 1 was hit now will it give us our TP 2 or even the 500+ pips movement to the downside? We will see...

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