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Upcoming Short Entry.
USD/JPY broke out of it's triangle formation late May. It made numerous pullbacks to the slope line and got rejected on every attempt.
Since the peak in April it has been declining, using a standard Pitchfork. It caught the June bottom very decent. I would probably aggressively scale in to this trade as we move higher, with stop above the 110 handle. First target has to be the 2018 low @ ~105. Second target the 100 big figure.
Daily Time Frame
Since the peak in April it has been declining, using a standard Pitchfork. It caught the June bottom very decent. I would probably aggressively scale in to this trade as we move higher, with stop above the 110 handle. First target has to be the 2018 low @ ~105. Second target the 100 big figure.
Daily Time Frame
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