USDJPY:Potential Bearish Libra Pattern and 0.618RET
Updated
The market has broken out the starting point of last rise and the pullback is coming now.
The potential bearish Libra pattern will complete at 113.3-113.5 levels because of the previous strcuture.
Meanwhile the 0.618RET of previous decline also locates at 113.3 level.
So it is good to sell short at 113.3-113.5 levels when price action gives signals in the PRZ.
SL:above 113.9
TP1:112.5
TP2:111.4 and further more
The potential bearish Libra pattern will complete at 113.3-113.5 levels because of the previous strcuture.
Meanwhile the 0.618RET of previous decline also locates at 113.3 level.
So it is good to sell short at 113.3-113.5 levels when price action gives signals in the PRZ.
SL:above 113.9
TP1:112.5
TP2:111.4 and further more
Trade active
Comment
TP1 reached.Comment
TP2 reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.