Short USD/JPY
Updated
Daily:
Price is below 21 MA
Broke horizontal support at 107.825
Currently re-testing the support turn resistance line
4H:
Broke downtrend channel support line.
Reject prices the second time at 107.825 horizontal resistance line
Bearish engulfing candle stick.
Position: Short
Entry: 107.5
Stop Loss: 108.5
Target: 105.5
Risk:Reward = 1:2
Price is below 21 MA
Broke horizontal support at 107.825
Currently re-testing the support turn resistance line
4H:
Broke downtrend channel support line.
Reject prices the second time at 107.825 horizontal resistance line
Bearish engulfing candle stick.
Position: Short
Entry: 107.5
Stop Loss: 108.5
Target: 105.5
Risk:Reward = 1:2
Trade closed: target reached
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.