Bonavest
Short

Is it Pullback or Reversal? The Week Will Tell

FX:USDJPY   U.S. Dollar/Japanese Yen
542 2 13
Two big things going on... the BULL run has been glorious with no stops and the US didn't raise interest rates this December.

In addition to that I have been waiting on a 200-300 pip pullback as shown in my LONG for LIFE idea. I though it was going to happen on the 21st of November, but it seemed it was a little too soon on some of the Daily indicators I have. This timing looks to be more in line with some noticeable correction.

I still think UJ has plenty of LONG potential for 2017, but this is a good SHORT opportunity for more than 100 pips so... Let's watch it go!
Trade closed: target reached: TP1 was reached +125 pips.

I closed out 33% of my position and plan to carry the remaining amount to the full TP2 area.
great idea again mate
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Bonavest PRO TheBanker
@TheBanker, Thank you kindly, Sir. Now on to the free fall.
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