Very good entry point to shortstop. Risk profit on our side!
As you can see the area formed the seller and was a false breakdown, it is a good idea to sell aggressively to re-test. Conservative set stop loss above the last peak of 0.7486, but since violated good value stop loss to a take profit - do not recommend it. short stop right outside the zone (0,7370) - the right choice.
USD JPY - a great place for short positions. below correction
I think the formation of a correctional wave BC finished. We trade in a wave of momentum CD.
The Japanese yen is still clamped in the triangle (green). Additionally, a new consolidation in the form of a triangle (blue). breakdown of the top and consolidation - a good signal to buy. Downward movement is also likely with a smaller share. In my understanding it is very dangerous to trade - do not recommend shorts.
The Japanese yen is ready to make up the momentum