Short USDJPY on hourly close below 107.95

FX:USDJPY   U.S. Dollar / Japanese Yen
187 13 3
The pair made a harmonic move ( ABCD ). A move of the same quantum             would take us to 38.2% retracement of the longer term uptrend. However, it is only advised to get into this trade when we get a close below 107.95 on the hourly timeframe. Also, we have FOMC meeting minutes today so do watch out and make sure to trade with stops.

Trade Type: Trend Continuation (Shorter TF)
Price: Hourly close below 107.95
Tgt             1: 106.60
Tgt             2: 105.53
Stop Loss: 108.65
R/R ratio: Almost 2
You charts are amazing @4xbullion !
4xbullion MohammadRahimi
Thanks :)
Tgt 2 hit.. Total Profit 235 pips!!
4xbullion 4xbullion
* Corrected: Total Profits 365 pips
IvanLabrie 4xbullion
Amazing run ;)
Tgt 1 hit!!
Very good, I made a similar chart, but my entry was sloppier, well played.
4xbullion IvanLabrie
I'm already short from 109.40.. Looking to add to the trade.. At what levels are you in??
IvanLabrie 4xbullion
I shorted down from 109.84, but closed too early. Got in at 108.10, a bit of misjudgement, but well, so far so good.
4xbullion IvanLabrie
I feel we should hit tgt 1 in the asian session tommorow..
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