USDJPY:Potential Bearish Libra Pattern and 0.618RET
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The market has broken out the starting point of last rise and the pullback is coming now.
The potential bearish Libra pattern will complete at 113.3-113.5 levels because of the previous strcuture.
Meanwhile the 0.618RET of previous decline also locates at 113.3 level.
So it is good to sell short at 113.3-113.5 levels when price action gives signals in the PRZ.
SL:above 113.9
TP1:112.5
TP2:111.4 and further more
The potential bearish Libra pattern will complete at 113.3-113.5 levels because of the previous strcuture.
Meanwhile the 0.618RET of previous decline also locates at 113.3 level.
So it is good to sell short at 113.3-113.5 levels when price action gives signals in the PRZ.
SL:above 113.9
TP1:112.5
TP2:111.4 and further more
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TP1 reached.評論
TP2 reached.
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