SHORT USD/JPY 1D

May 24, 2019

Hi guys,

My name is LILLOMATTE, I have been studying trading hardly for 2-3 months, I'm publishing my analysis in order to have some advice and recommendations to improve my trading experience. Happy to hear your opinions and ideas about it. Feel free to share it!

Leave a like if you liked the analysis and mostly if we reach our profit.

Many thanks

LILLOMATTE

May 25, 2019

Note

Be aware that the price could feel the support level and create a double bottom and restart the upward trend, dynamic trend line are not always a strong level to be considered. In this scenario we could have a reversal on the support zone and a retracement till the trend line before having a downward trend. That would be a good option to place our short with a very tight stop loss above the first support zone that has already been broken out. However that 50% retracement on the Fibonacci is quite a strong signal that the price is going to fall more.

May 30, 2019

Trade closed: stop reached

if you want to see why this trade failed, jump on the weekly chart and draw the two major dynamic trend line and you will see why. It has been my bad to have not seen the bigger bigger picture. Trade

May 31, 2019

Trade active

ups maybe I was not so wrong. fucking JPY

Jun 3, 2019

Trade active