HiTech
Short

USDJPY FACING STRONG RESISTANCE

FX:USDJPY   U.S. Dollar/Japanese Yen
513 8 7
Potential correction down highly probably. Breakout of the target might result in change of trend
Looks good, I'm in as well, I'll try to cover half when reaching my target and then move stop to BE...it's good for the mind.
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HiTech PRO IvanLabrie
2 years ago
but your target is a bit lower... well if we see the breakout below my target, the potential for the downside becomes much bigger
+1 Reply
IvanLabrie PRO HiTech
2 years ago
Indeed, there is a potentially strong support below, as you can see here:

snapshot


My target is derived from Tim West's methodology, and includes a time target to reach it.
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HiTech PRO IvanLabrie
2 years ago
so we should hit it till the end of next week apparently
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IvanLabrie PRO HiTech
2 years ago
Or earlier...if we hit it faster than that, I'd suspect we might see a correction before the time runs out, which can be a second short opportunity, or a reversal.
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InvesBursa
2 years ago
Very good, Excellent. Congratulations.
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InvesBursa
2 years ago
Hello, HiTech. Excellent.
Reply
5hmFX
2 years ago
i think so. you are helpful. my target is 118.675.
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