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arieg1985

2 Potential USD/JPY Short Setup_2017.12.01

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
arieg1985  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis Support and Resistance USDJPY tradeplan short
2
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chartpattern trendanalysis supportandresistance usdjpy tradeplan short
snapshot

While the Daily Chart shows the market is still in a range between 108.40 and 114.20 level, the H4 Chart show 2 potential short setups for this pair:
1st Setup > if price bounce back to area between 112.50-112.65
2nd Setup > if price bounce back (extended) to 113.00-113.25

Remember, wait for significant Bearish trigger first before taking Short position on each of the above potential setup.
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