FullTimeTrader
Short

USDJPY-nice expanded flat correction

FX_IDC:USDJPY   US DOLLAR / YEN
765 3 21
This pair seems to be forming an expanded flat correction , a 3-3-5 formation.
This correction is a bulls trap because most trend traders are long at this stage.
Im expecting a strong decline to the fib levels shown on chart, then i will be looking to buy because the trend is still bullish on D1 chart.

The SL is well protected above round number 125.000

Regards.
WaKaS
2 years ago
awesome work ...
Reply
OdoFx
2 years ago
perfect!
Reply
poodman
2 years ago
spot on!
Reply
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