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PriceActionPro
Mar 17, 2017 11:35 AM

USDJPY Price Action Sell setup 

U.S. Dollar/Japanese YenFXCM

Description

Hey everyone. As expected 8 days ago on our neutral setup, we near our 1st target. Thus, not a great opportunity to enter short. However, wait for the breakout to enter short. Those who did enter short on the given setup 8 days ago, take profits at 112.00 and wait for breakout to go further short. Good luck traders

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1ST target reached. Watch for breakout to go further short

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Trade activated for second target

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Retracement to our broken support

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under the same market condition, target will be reached soon

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Sell rejection of our resist zone
Comments
Yakir
good job !

and now at 111.900 we can short again ?
PriceActionPro
@Yakir, indeed, as long as it agrees with your system
marcusfx777
Good analysis!
PriceActionPro
@Derby, Give thanks
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