USD/JPY - SHORT

24 באפר׳ 2015

Just another repost of my previous setup but neatened it up a bit!

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