This analysis is based on the Samurai Method. Here we have a Broken Sword on this currency pair (USD/JPY). The Broken Sword is a a continuation pattern that usually offers a great risk-reward ratio. Once the price structure is measure using The Samurai Method we find the different swords (in this case it is a Wakizashi) and based on a more deeply analysis we determine if the the sword will be broken or respected. Traders usually relate the Samurai Method to the Harmonic Pattern theory but this is a totally new and more advance way of measuring M & W formations.
Trade closed: stop reached:
Such a beautiful formation that failed thanks to Mr. Trump that once again opened his mouth to talk about the FED and the dollar. There was nothing to do about it.