USDJPY - SHORTPrice already in my area of value, just waiting for the market to tell me to get in on a short.
73.82% of traders holding short positions (short-to-long ratio of 2.82 to 1 (They raised their position compared to yesterday)
Here, I have another juicy setup on this USDJPY, it is not too late to take an entry now, an entry for a short.
I opted to enter for short on this pair.
Stop-loss orders have their place, and I trusted my eyes more than my heart.
Short Bias for the upcoming week.
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**First Scenario - Short:**
First Target: $155.00
Second Target: $153.50
Entry: $156.95
Stoploss: $157.30
**Second Scenario - Long:**
Initial Target: $159.5
Entry: $157.20
Stoploss: $156.75
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Take into consideration:
Psychological Resistance at $160
Psychological Support at $152
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NFA
DYOR
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Good Luck!
⚠️ Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
