Potential downside on USDJPY
Looks like we might get a good trade to short USDJPY.
The 4 hourly timeframe is in a bearish trend and this can be a good continuation trade.
I would wait for the price to touch the sell zone to enter short.
Entry - 141.5
Stop - 142.2 (I would like to see a 2 hr close above this level to close the position)
First target - 140
Final target - 138.5
Please let me know your inputs. Happy trading!
The 4 hourly timeframe is in a bearish trend and this can be a good continuation trade.
I would wait for the price to touch the sell zone to enter short.
Entry - 141.5
Stop - 142.2 (I would like to see a 2 hr close above this level to close the position)
First target - 140
Final target - 138.5
Please let me know your inputs. Happy trading!
Trade active
Our limit sell order was triggered!Trade closed: stop reached
Stoploss was triggered. Closed this trade for a loss. This was an unsuccessful trade
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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.