USD/JPY - Short

FX:USDJPY   U.S. Dollar / Japanese Yen
112 11 1
Hey guys, not took to many trades this week myself like i said at the start of the week im just waiting for a clearer sense of direction... ive had a couple of intra day trades stopped out this week on EUR/USD             & EUR/GBP             but left my swings in play...

So... USD/JPY             ...I love this set up!


  • Failed to put in a new higher high currently in line with the previous high from 2007
  • 61.8 Fib from swing high to swing low of the complete monthly move
  • 78.6 Fib from the swing high below that level


  • MA's are about to cross on tomorrows close


  • Head & Shoulders Pattern
  • Shooting star potential close
  • 61.8 Fib confirmed from previous high

4 hour

  • Closed below major support

1 Hour (execution chart)

  • Double Top
  • Price rejected the 120.000 even handle

Related Ideas

Do you have myfxbook?
NFFX Wealth
I actually don't at the moment, I trade off of a Mac book pro which is a nightmare to get MT4 on which you need for a myfxbook but I am trying to sort something out!
Just to let you know I am in the same position as you. I'm an AstroFX student. I use a MacBook and don't have MT4 but you can still use MyFXBook
Yeh I'm an Astro student too, how can you still use it then?
What broker do you use, Shaun set me up with Oanda, on MyFXBook you can link it straight to them
Oh that's interesting I'll have to check it out I'm using IG atm I'll have a look at oanda when I get a chance thanks
What do you think of IG? Shaun set me up with Oanda when I took the course. I've been having a look at FxPro as quite a lot of people are using that aswell.
If you download/buy parallels for mac you can use Windows beside your Mac operating system.
LFX Wealth
HAHA I tried that, but took it straight off. Makes your Mac stupidly slow.
+1 Reply
Out of curiosity both of you guys are astroforex students so I was wondering why don't you use the Ichimoku cloud in your analysis? I know Shaun is a big advocate of it. Cheers.
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