DavoodWadi
Short

Shorting opportunity on USDJPY with the great confluences

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             is entering a major psychological level @ 102.000 and miraculously it sets up perfectly with the 78.6 reversal ratio of the Gartley pattern that has been forming earlier.

I'm looking to short USDJPY             @102.000 with the stop loss @ 102.2 which is just over 88.6 ratio which might be tested in case of other harmonic pattern formations.

My first Profit target would be before the 38.2% retracement of the latest up move from 101.08 to 102.00.
The 2nd Profit target is at the lows of the two previous down moves (101.100)

Generally a major down move in this pair is expected.
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