KayJay
Short

USDJPY Probable AB=CD Pattern (short)

FX:USDJPY   U.S. Dollar/Japanese Yen
51 1 7
a year ago
Well I'm short from 123 level looking for 1.618% retracement of the AB leg, Let see how this plays :)
a year ago
Comment: I believe two more short swing lows and this trend will halt, will see how it plays around that area
a year ago
Trade closed: stop reached: Well was using trailing stops and my stop just got hit at 122.548
KayJay
a year ago
Although I'm not a traditional harmonic trader but this trade seems to fit My Elliott wave sequence as well which I usually trade with, I believe we are in a 3 or C wave which will be approx 1 or 1.618% of wave A or 1 (AB leg)
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