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vhin3125

USDJPY - Potential Start of Short Trade

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
vhin3125 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Moving Averages
3
0
supportandresistance fibonacci movingaverage
Possible start of downwards trend once MA 20 crosses MA 50 (H1).
This will be the start of wave 1.
Short trend will continue up to around the support area (~114.6 - 114.7) before bouncing off to create wave 2.
Comment:
snapshot
checking on the H1, seems like it is now getting ready for wave 4. Better place some trailing stops to secure profit. Then re-enter on wave 4.
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