DCF Bets: USD-6/JPY+2
Updated
The current market conditions offer a favorable opportunity for a short bet on USD-6/JPY+2, as a bull trap has emerged aligned with capital flow. This indicates that buyers are liquidating their positions, which will resume the downward trend. I am looking to add positions if price close below the 10 EMA (yellow signal line) and I plan to maintain my position as long as the price stays below the 10 EMA on a closing basis.
Note
USD/JPY 10 EMA Triggered: Adding short positions.
Trade closed manually
USD/JPY 10 EMA Reversal: Trailing stop triggered.
Trade active
USD/JPY: 2nd attempt!
Trade closed manually
Setup expired.
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