USDJPY - Lower prices ahead & then a bounce...
Hi guys, the chart markups explain everything pretty well. I've been short since the break below 113.00 and my target is near 111.80 (just above 111.60). I will watch for signs of a reversal near the 111.60 level. If the move consolidates as it pushes down, we should clear 111.60 and keep going, but only if it consolidates on the smaller time frames as it pushes down.
There are a few bullish Gartley patterns that have 111.60ish as the bottom of the right wing. Keep that in mind if you try to hold your short below 111.60.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
There are a few bullish Gartley patterns that have 111.60ish as the bottom of the right wing. Keep that in mind if you try to hold your short below 111.60.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
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