USD/JPY - Short

23 thg 4, 2015

Hey guys, not took to many trades this week myself like i said at the start of the week im just waiting for a clearer sense of direction... ive had a couple of intra day trades stopped out this week on EUR/USD & EUR/GBP but left my swings in play...

So...USD/JPY...I love this set up!

Monthly

• Failed to put in a new higher high currently in line with the previous high from 2007
  

• 61.8 Fib from swing high to swing low of the complete monthly move
  

• 78.6 Fib from the swing high below that level
  

• March finished as a spinning top
  

Weekly

• MA's are about to cross on tomorrows close
  

• Potential spinning top weekly close
  

Daily

• Head & Shoulders Pattern
  

• Shooting star potential close
  

• 61.8 Fib confirmed from previous high
  

• MA's still bearish
  

4 hour

• Broken Trendline
  

• Closed below major support
  

• Evening Star candlestick formation
  

1 Hour (execution chart)

• Double Top
  

• Price rejected the 120.000 even handle