DACapitalTrading
Short

USDJPY - FOREX - 08. JULY. 2019

FX:USDJPY   U.S. Dollar / Japanese Yen
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1 HOUR
Very bullish market and strong price action.

4 HOUR
Bulls broke previous highs and resistance level .

DAILY
Market taking out several short holders before heading back down, great short entries now!

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FOREX SETUP
SELL USDJPY
ENTRY @ 108.760
SL @ 109.160 (40 Pips)
TP @ 108.090 (65 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)


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Have a great week everyone!

ALAN
Trade active
Comment: Price slowing down, be patient!
Comment: price dropping!
Comment: keep holding.
Trade closed: target reached: Closed with +65 Pips!
This was indeed. A #greattrade Nothing beats the consistency with plus or minus 2 to 3% pips. Almost Quant Level!
Reply
great work ! beautiful trade
+1 Reply
@Cruddest, Thank you!
Reply
Good analysis. Thanks. This probably also shows a break to an UT on the 4H, with this as the first HH - which does not make an UT, but it is a start. Best regards
+1 Reply
@DocWonmug, Thanks mate :)
Reply
Cheers for the Idea, also short on this one! less ambitious SL tho, well reenter probably
+1 Reply
@mikena, Thanks mate :=)
Reply
Excellent CHART. Good jobb.
+1 Reply
@Ali-wave, Thanks mate
Reply
Like this setup. I see a nice measured move
+1 Reply
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