USDJPY Potential Short ahead of Fridays NFP
Updated
The pair's momentum is slowing down at the top of the DTL. I am expecting price to move to the downside when we gain more volatility (NFP??).
Trade active
Short positions still active. Experiencing a little more drawdown right now... Moved my Stop-loss to 111.7 to keep the risk down to reasonable levels. Will update tomorrow about how the trade is going
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.