USDJPY - Going with the flow

Atualizado
UJ has been on a steady downtrend while consistently respecting both trend lines.

Because of the confirmed rejection of both, we should be able to see the pair continue to push down to new lows.

The entry was a little late, but still has a decent Reward/Risk ratio.
Trade fechado: stop atingido
The market seems to actually be making a head and shoulders pattern, where the shoulders are between the 100% and just below the 61.8% retracement levels.
Trend Analysis

Aviso legal