USDJPY H1 structure short opportunity

11 Okt 2015

I share my view of this short opportunity:

USDJPY
On H4
3. RSI OS on arrowed candle -> leading to regular bearish divergence (possible signal for reversal)
4. 61.8 from bigger swing (marked as 1)
5. structure at points 2, 3, 4

On H1
6. Last 3 candles "respected" 120.30
7. since number 6) small SL above highs of las 3 candles

Maybe in Future:
1. Potential bull bat (orange)
2. POTENTIAL bear gartley (blue): for this, there is still no clue if C will complete. If this gartley completes, it will do a very good structure

As always, comments are welcome
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Regards

Rafael