USDJPY Swing Trade Short
Price has bounced off the trendline and support level on H4 timeframe following a major news release and printed a reversal candlestick. RSI also shows divergence.
Risk reward is slightly unfavorable however. Might want to wait for better entry
Risk reward is slightly unfavorable however. Might want to wait for better entry
Note
Long*Trade active
Price spiked down to the same level of the previous spike down, and quickly reversed with a 3 white knight candlestick pattern. Taking a long here @ 158.200 for a 1:3 RR. Same SL TP levels as on the chartTrade closed manually
Cut losses at 157.7. No following upwards momentumTrade P/L: -50 pips / -60%~
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.
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.