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Roscoero

"Bear" YEN Major structure and ABDC completion

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Roscoero Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci AB=CD
3
0
supportandresistance fibonacci abcdpattern
Market pushed into major S/R levels between 107.5 and 108.5. RSI overbought a move to the bearish side is on the radar. AB=CD pattern could also complete, Fib EXT 1.27 A,B leg. Note overall trend is Bearish.
Trade active:
With price bouncing off our S/R level downside. Target 1 will be 107.100 to be conservitave
Trade closed: target reached:
Target 1 has been reached at 107.1.
Trade closed: target reached:
AB=CD pattern completed
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