short set up for USDJPY
Updated
by getting more strength on JPY index now this pair has strong chance to drop.
so based on the strategy on the chart if the price break the dynamic support level
or the trigger level, downward pressure has chance to continue more.
if you set short position a proper stop loss would be above 149.5 level.
we also could have more sideways hours in to the area before any strong move.
Enjoy the market
#WOMAN. LIFE. FREEDOM
so based on the strategy on the chart if the price break the dynamic support level
or the trigger level, downward pressure has chance to continue more.
if you set short position a proper stop loss would be above 149.5 level.
we also could have more sideways hours in to the area before any strong move.
Enjoy the market
#WOMAN. LIFE. FREEDOM
Trade active
broke the level as expectedTrade active
still bearishTrade active
retested the trigger zone but still bearish in longer time framesso the strategy is the same.
Trade closed: target reached
hit the target but still bearish and can test lower area on the chart below.Trade closed: target reached
and touched the second target as expected. Note
will keep dropping to the demand area.
Related publications
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.