USDJPY - PULLBACK TRADE

As predicted last week we saw a bearish breakout on the USDJPY. After hitting a previous level of inside structure support we started to see a retracement, followed by a bullish pennant pattern to close out our trading week. It'll be interesting to see what the JPY looks like at the open with all that's going on in the southern part of the US but assuming we see normal markets, i'll be waiting for a breakout to the upside, creating a complex pullback and an opportunity to involve myself in a bearish trade.

As you can see on the chart i drew out a few killzones & Fibonacci levels, if you're interested in seeing how i did those in a chart it would be easier to simply watch this week's video instead of me writing a few extra paragraphs. I'm not being lazy...it's just Football season and the Packers v. Seahawks game is about to kickoff.

Akil
Poor Everton, Glad i wasn't able to watch that trainwreck.