USDJPY SHORT
Why are we entering?
- in an ABC correction
- Expecting rejection of parallel channel and fib zone
What is our confirmation?
- Break of WFB
Entry
- Safe Entry; Rejection of fib / parallel channel and break of WFB
- Risk Entry: Entry on rejection of fib / parallel channel
Once entered, where will our Stoploss be?
- Above rejection (30pips)
Where do we take profits?
First TP: 131 (650pips)
Final TP: 128 (950pips)
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