"nice potential short dollar yen" by trader VasilyPonomarev — published September 28, 2016

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Short

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

FX:USDJPY U.S. Dollar / Japanese Yen

IF the market reached 101.6-101.7 zone we have
great opportunity to sell the market
short will be based on:
1. bearish trend
2. test of bearish trendline resistance
3. fibconfluence
4 bearish butterfly pattern

Comment: Our pattern is completed
Short position is opened

Comment: Dodji?

Comment: T1 reached!

thanks Vas , i missed it, was in bed, I'm still targeting the 1.618 ext which should come in play tomorrow evening when it retests the established 3 month downtrend line...

Great chart as usual, thanks very much fo sharing

G13arker

thank you for your support!

lots of dollar strength...DXY targeting 96.80 Gartley which ties in with your butterfly and a similar butterfly on USDCAD.....I will short my dollar trades there because 96.80 is strong resistance/downtrend line on DXY...i can't see any complex patterns in the other direction...my crab must be invalid by now

Trendhopper

Look
Butterfly is completed
So we can sell

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