FX:USDJPY U.S. Dollar/Japanese Yen
After a great sell setup offered by a (see the link below), here in USDJPY we have another great opportunity to go short. Price clearly is in a correction, moving in a expanding triangle, preparing for another impulse to the down. We may enter the trade at 0.618 fib level, but a for a much safer setup we should wait for this correction to end and then sell the market..
Comment: Although moving in sideways, price dropped and moved in our favour. I am personally out of this now, as price may move in both directions
Thank you for sharing this, but if you don't mind correct me if I'm wrong, if we look closer we can see that it has already broke the down trend started from 111.185 and it's re-testing now so that means it should go up I think, again this is my view of it I'm not an expert, kindly correct me if I'm wrong.