MEX_Exchange
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USDJPY reversing perfectly, remain bearish for a further drop

FX:USDJPY   美元/日元
Sell below 114.00. Stop loss at 114.54. Take profit at 113.16.
Reason for the trading strategy (technically):
Price has dropped absolutely perfectly from our selling area as expected and is fast approaching our profit target. We remain bearish below 114.00 resistance ( Fibonacci retracement , horizontal overlap resistance, big figure, bearish divergence, ascending support break) as we expect a strong push down to at least 131.16 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (55,3,1) is seeing strong support broken opening a drop to the downside which has massive bearish potential.
交易结束:到达目标: boomshakalaka
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Good.Would you like to move stop to break even when you get 1:1 risk and reward ratio?
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Holy MAMAMIA!!!
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@LuckyLaki, Mamamia!
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Do you ever consider the fundamental perspectives of USDJPY?
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@sesecakdu, not a lot :)
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Do you focus purely on TA or do you also consider FA, MEX_Exchange?
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Hi MEX_Exchange, really respect the analysis you do. What is your take on harmonics?
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Thank you for the analysis!
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so , can i buy usdjpy now ?
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