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tigo2020
Nov 2, 2015 9:36 PM

USDJPY - Long Term (110 looks delicious) Short

U.S. Dollar/Japanese YenFXCM

Description

Not time to short yet .. waiting for a bearish evidence between 122.7 - 124 OR just wait for a break of the dashed trend line.
Comments
glennmercer
Nimer! Long time no talk - nice chart, here's my take:
glennmercer


Waiting to sell at the same level near potential Gartley at trendline resistance. If PRZ is reached before monthly is hit, .618CD would be a nice short term target as it will coincide with November pivot. Great long term target at 110 shooting for 1.618 ext. at S/R level.
tigo2020
Looks Great :) .. We agree
glennmercer
Forgot to mention your entry coincides with .786CD butterfly target as well which makes it even MORE delicious to sell there
tigo2020
Yes ... 786 is a great area to sell from
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