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MikulovicFOREX

USDJPY: fading the highs

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MikulovicFOREX Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY gartley222 hiddendivergence
5
1
trendanalysis harmonicpatterns chartpattern usdjpy gartley222 hiddendivergence
''SELL MARKET ORDER''

Why sell?

  • Gartley '222' (BAT)
  • Trendline resistance
  • Hidden divergence

Targets:
1.618
2.618

Good luck to all trading JPY!
Comment:
Scratched the idea of 2.618 and gunning straight for the 1.618. Here is the trade:
snapshot
Comment:
1H:
snapshot
Comment:
Moving stops to B/E here and letting the trade play out - 20 pips away from target
Comment:
snapshot
adding more shorts at the 0.382 retracement!
Trade closed: stop reached
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