DAVID_GIRALDO

DAVID_GIRALDO Updated 

usdjpy is in a strong downtrend that can be going into correction anytime soon since we are about to reach a major support zone, but looking at smaller time frames, on the 4 hour chart we have a breakout and retest of structure. looking for shorts after a strong bear candle with sell stops a couple of pips under. i would get out the trade using heiken ashi charts...

DAVID_GIRALDO Updated 

analizing the cross i had spotted a ab=cd pattern last night with .618 retracement and a 1.618 extension. the pattern formed a triangle at D point on lower time frames and has gone back for a retest. taking a long with targets at 1/3 of ab=cd pattern and target 2 at 50% retracent falling into the trendline with fibonacci confluency