USDJPY potential Short!
Currently looking for a short app in UJ. Am waiting for the 2am candle later (+8GMT Malaysia time) for confirmation. If the price still remain bearish, we will have a inverted hammer, and downside is expected :D
Reasons to enter:
1. 61.8% fibo level was tested nicely, and
2. EMA 21 also was tested and hope it last.
3. Trendline was broken and tested with a long upper tail! Downside is expected!!!
Entry: Sell somewhere near CMP 112.35, or sell limit at 112.50 (61.8% fibo levels)
TP: 111.60
SL: 112.75
Happy trading and trade safe all! =D
Reasons to enter:
1. 61.8% fibo level was tested nicely, and
2. EMA 21 also was tested and hope it last.
3. Trendline was broken and tested with a long upper tail! Downside is expected!!!
Entry: Sell somewhere near CMP 112.35, or sell limit at 112.50 (61.8% fibo levels)
TP: 111.60
SL: 112.75
Happy trading and trade safe all! =D
Trade closed: stop reached
Trade hit SL. Had a -38 pips :( Stay strong all ;) Thats how we roll, we learn from mistake, and Come back wiser. Had too tight my sl >< will watch out for UJ next time.
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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.