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U.S. Dollar / Japanese Yen
Short

USDJPY: fading the highs

By MikulovicFOREX
Updated
''SELL MARKET ORDER''

Why sell?

  • Gartley '222' (BAT)
  • Trendline resistance
  • Hidden divergence


Targets:
1.618
2.618

Good luck to all trading JPY!
Comment
Scratched the idea of 2.618 and gunning straight for the 1.618. Here is the trade:
snapshot
Comment
1H:
snapshot
Comment
Moving stops to B/E here and letting the trade play out - 20 pips away from target
Comment
snapshot adding more shorts at the 0.382 retracement!
Trade closed: stop reached
Chart Patternsgartley222Harmonic PatternshiddendivergenceTrend AnalysisUSDJPY

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