Get started
eightpac

USDJPY Bear Flag Set up

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
eightpac Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY shortsetup Flag Bearish Patterns simplepatterns advancedpatterns consolidation
6
0
usdjpy shortsetup flagpattern bearish simplepatterns advancedpatterns consolidation
Currently short the USDJPY from 114.60 but have my stop loss placed above this bear flag set up for 100 pips of profit so far, looking for a break down back to the lows of consolidation on the higher time frames. This is a purely technical trade, fundamentally it would make more sense to be long the dollar.
Comment:
All flat on USDJPY covered my position @112.67 to close out a great trade!

Related Ideas

eightpac
AUDUSD Bearish Cypher Pattern Re-entry
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.