USDJPY - Long That Doom
(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
I like the structure on this trade in favour of a long at this level. I think a lot of traders are going to be short or are going to short a HnS formation and get taken advantage of.
Price action and volume seems surprisingly strong at a few key levels I'm looking at to make me think it's exactly that.
I also like that it's pulled back to prior daily low and prior weekly high after forming an evidently super bearish reversal daily candle during FOMC manipulation day.
Long: 110.291
Stop: 109.775
Target: 11.420
R/R: 2.19
2.19 RR is completely fine with me in a situation like this because I think I won't get stopped out very often.
Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
I like the structure on this trade in favour of a long at this level. I think a lot of traders are going to be short or are going to short a HnS formation and get taken advantage of.
Price action and volume seems surprisingly strong at a few key levels I'm looking at to make me think it's exactly that.
I also like that it's pulled back to prior daily low and prior weekly high after forming an evidently super bearish reversal daily candle during FOMC manipulation day.
Long: 110.291
Stop: 109.775
Target: 11.420
R/R: 2.19
2.19 RR is completely fine with me in a situation like this because I think I won't get stopped out very often.
Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.
==
Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org/petition-to-the-united-nations
Note
Specifically this price action right here. Retail traders gonna feel that pain.
Note
Can someone let the US Dollar know that it's a strong and independent bald eagle who don't need no Yen?Note
I have lit a stick of incense for the margin that will die to this stop loss.Note
This turned out okay. It dumped a lot farther than I expected and after when I expected it would, but the stop was placed well. Closed this on the first bump since my entry was so shit and derisking is important. Will re-examine.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.