USDJPY Shark Pattern Daily

5 בנוב׳ 2017

We may have a bear Shark pattern on the Daily chart. I will be looking to take a short position once price reaches the PRZ @ the 88.6 and 113. I would preferably like to see price go a little higher near the 113 and RSI being overbought before entering short. The trigger would be a lower low lower close near the 113. Initial targets would be the 50.0 of the C-D leg and the 100.0. Good luck!