I will keep an eye on USDJPY recently ,because this pair is running into a very short area:
1.0.786 XA and 1.414 BC at 123.3
2.AB=CD at 123.7
3.1.618 BC at 124
4.The downtrendline above 124,the uptrend line which have been broke on 2015-8-24,is now at 123.6 above
5.Smaller ab=cd at 123.4
The entance would be rather wide and SL will be large ,but considering the huge potential profit ,
tp1:120.8,tp 2:119,tp3:116,SL:126,worth to try!
I will wait for the RSI goes above 70,it will give a great divergence on the daily chart,once the RSI goes down the 70,the trade will trigger,wilsh we all have a good luck!
1.0.786 XA and 1.414 BC at 123.3
2.AB=CD at 123.7
3.1.618 BC at 124
4.The downtrendline above 124,the uptrend line which have been broke on 2015-8-24,is now at 123.6 above
5.Smaller ab=cd at 123.4
The entance would be rather wide and SL will be large ,but considering the huge potential profit ,
tp1:120.8,tp 2:119,tp3:116,SL:126,worth to try!
I will wait for the RSI goes above 70,it will give a great divergence on the daily chart,once the RSI goes down the 70,the trade will trigger,wilsh we all have a good luck!