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TheForexSamurai

INTRADAY to SWING - Short/sell trade opportunity + bias

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TheForexSamurai Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis
8
0
harmonicpatterns trendanalysis
We got an opportunity to short/sell this market together with my bias of this market being bearish. We got a pattern formation which is bat, which is already completed, a regular bearish divergence is also visible that indicates underlying weakness. Bulls are exhausted. Warning of possible trend direction change from uptrend to downtrend. Could this be a good price for us to enter short? Taking TP 1 will take some into profits while adjusting SL to breakeven and holding it for a swing type of trade. See related ideas about our previous analysis on this market. Trade with care.
Comment:
Target 1 is reached if taken the setup.
Comment:
Target 2 is reached as well.

Related Ideas

TheForexSamurai
W1 - Almost 4000 points to TP 1 from current market price...
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