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danielcabreja

USDJPY FRIDAY ANALYSIS - THE BIG DROP 05/18/18

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
danielcabreja Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators usdjpyshort confluence confidenttrade
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trendanalysis chartpattern indicator usdjpyshort confluence confidenttrade
snapshot

UJ formed an engulfing bearish formation on a key level 111.000. 4H created an evening star. Daily is forming a kangaroo tail on a key resistance level. 1H MA's crossed. Next week's bearish trend has formed. CLOSE all long positions at 38.2% PRZ. Short at minimum 38.2% PRZ with 3% risk. 10% risk at 78.6% PRZ.
Comment:
CONFIRMATIONS: 5
CONFIDENCE LEVEL: 9/10
Trade closed: target reached:
-227% tp hit. Close trades
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