Trend_Analyst
Short

USDJPY Possible Short Trade Set Up

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Possible Short Trade Set Up with good risk to reward.
Nov 11
Trade active
Nov 11
Comment:
Nov 11
Comment: We could be looking at a leading diagonal which would argue for significant move up following the pull back as we look for a move into wave 3.

Comments

It's already broken that previous pivot ceiling at 109.315 though hasn't it? If it was going to bounce hard it would have done so on the last attempt.

I'd say you're better off waiting this one out to the next pivot high at 109.924, but that's just me
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Trend_Analyst Vanderpoomp80
@Vanderpoomp80, I don't use pivot points but looking for a pullback o 106.600 before moving higher. We could be looking at a leading diagonal which would argue for significant move up following the pull back as we look for a move into wave 3.
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im liking this short trading idea!
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