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TradeFreak
Sep 15, 2016 4:47 AM

USDJPY ANALYSIS - SHORT Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY ANALYSIS - SHORT

It seems a Wave C is in progress on the minuette period?
MACD also shows divergence on the 4H from the last Wave iii (Minuette Period) ?

I'm looking for a fibonacci entry on the 0.618 (just below the daily pivot/resistance), to trade the rest of this wave C
I have booked 2x Sell Stop/limit to trade 1/2 and full length of Wave C.

Comment

Once price action retraces the fibo and the 3x MAs are confirmed, the trade will be activated.

Trade active

Fibo entry point reached, trade activated
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