USDJPY Short Trade Idea

2020年7月20日

UJ is looking quite interesting and could most likely be forming an extended correction of that rigorous impulse move in March.
It is currently within a triangle pattern with a preceding bearish impulse. I am expecting a 5 wave impulse to the downside
to complete a possible Zig zag pattern that would fulfill the Y leg of the major corrective structure.

I hope you enjoy this post, if you would like to share your perspectives on this pair, I would highly appreciate it.

Projected targets for 3rd and 5th wave:

-105.450
-105.000
-104.250

Have a blessed trading week ahead.

2020年7月21日

交易开始

Lovely move to the downside and a break out of the triangle pattern.

2020年7月23日

注释

UJ retraced to break even point and allowed entries to be doubled.
Completing the suspected bearish triangle. SL moved to break even.

2020年7月27日

交易结束：到达目标

Target 1 Reached