johannes.patat

Update...New baseline

Short
johannes.patat Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
8
Prof.analysts forecast (starting this week) was long cause Nikkei225 was strong ,so beware...( Yen and the Nikkei inversely correlated) Still short for me..Beware upcoming events
Comment:
"We will usually trade this pattern when the neckline is broken, and will join the trade right at the breakout. However, for even more accurate entry it is recommended to wait for price to pull back to the neckline, and begin the new trend. The pullback entry is even more accurate than the breakout one, reaching around 95% accuracy. "
Comment:
We had a first pullback to the neckline so could be a nice bearish rally...Good luck..
Trade closed: target reached

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