SHORT ON USDJPY on the potential completion of bearish harmonic
The
USDJPY
pair has retraced after hitting the long term trend line. The pair seems to be forming a bearish harmonic pattern, at the moment. If we are right, price will go and retest trend line and the main resistance area, in which case we can take short position with an excellent risk reward ratio.
Suggested entry: 106.951
Suggested SL: 107.2
TP: 104.290
R/R: 4.6
Trade with care.
USDJPY
pair has retraced after hitting the long term trend line. The pair seems to be forming a bearish harmonic pattern, at the moment. If we are right, price will go and retest trend line and the main resistance area, in which case we can take short position with an excellent risk reward ratio. Suggested entry: 106.951
Suggested SL: 107.2
TP: 104.290
R/R: 4.6
Trade with care.
코멘트:
코멘트:
View on the Daily timeframe:
코멘트:
SELL AREA AND STOP LOSS
코멘트:
코멘트:
코멘트:
Sell the pullback only if 1Hr timeframe closes below triangle break and wait for pullback always on the 1hr timeframe.