Get started
U.S. Dollar / Japanese Yen
Short

USDJPY Short

By UnknownUnicorn769459
Updated
Over next 24-48 hours, I am expecting USDJPY to retrace into Wave 4 before shooting for Wave 5. On M5, a bearish head-and-shoulders is being completed. This will be a confirmation to enter short. In fundamentals, oil is rallying. This suggests a weakening USD.

SL: 108.9
TP: 107.25
Comment
s3.amazonaws.com/tradingview/snapshots/4/47sWk00M.png

Posted wrong time frame.
Trade closed: stop reached
s3.amazonaws.com/tradingview/snapshots/x/XkPj6hSL.png

Sorry, was asleep when the spike happened. There may be an opportunity to re-enter short once Wave 3 completes. However, the trade published here is now void as the SL has been triggered.
Comment
s3.amazonaws.com/tradingview/snapshots/o/ObCUWvUE.png

Was able to close out a small profit on a correction after Wave 3. I would recommend closing out now unless you're following a different short trading.
Comment
For those still bearish on USDJPY, follow the new analysis. It has been adjusted for the new Wave 5.

USDJPY Short
4h4hour4hrh4Harmonic PatternsshortTrend AnalysisUSDJPYusdjpyshortWave Analysis
UnknownUnicorn769459

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.