Potential of a USDJPY short
Updated
At first, a Gartley pattern was forming but it got violated and then we got its extension which is the Bearish Crab pattern and
after a Fib retracement of the last wave we find the targets in 0.382 and 0.618 levels.
We have a nice risk to reward ratio with a stoploss slightly higher than the swing high of CD wave
after a Fib retracement of the last wave we find the targets in 0.382 and 0.618 levels.
We have a nice risk to reward ratio with a stoploss slightly higher than the swing high of CD wave
Trade active
First target hitTrade closed: target reached
Alright, our first target was hit and then it went to run out the stops,fortunatly I closed the whole position at T1 because there was signs of reversal (Stoch RSI cross,the 1H candlestick
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.