Get started
EmilYusifov

USDJPY Short. Double Bottom but still favours downside

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
EmilYusifov Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Double Bottom breakout
3
0
chartpattern doublebottom breakout
USDJPY 60m. There is a Double Bottom now but the bearish move has already went much below 50%. Several bear spikes and failed bull attempts to go up on 60m. My target for a short here is the beginning of the prior bull channel and then a test of the longer-term trend line.
60m chart:
snapshot
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.