EricSeto

EntryTrade #1 USDJPY Big Picture Analysis

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Trading decision is broken down to elements and evidence:

Trend: Down

Timing:
1) Trend line - will break soon
2) Previous trends happen after trendline break
3) Trend line is breaking soon
4) Stoch - Turning soon
5) FIB of previous wave- 50% of previous wave
6) Forming multiple pin bars

This means it is ready to be entered
Moving to lower time frame to set up entry orders.
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