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Technician
Jul 14, 2017 12:36 PM

Trade 21: Shorted USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Short at : 112.65--- T: 111.00--- SL: 113.70

Completed a four-hour head and shoulders top in the context of my previous bearish analysis, check the related posts below.

For more details and all Stats goo.gl/rtfmna

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.


Best
Technician

Comment

i changed my target to 111.78 instead of 111.00.

Comment

Stop moved to entry

Comment

i closed half position, i decided to leave the rest for the original target.

Trade closed: target reached

Closed all position near full target at 111.06.
Comments
DrXoX
thank you , i only follow Technician
kikitoshi
A-shot
@kikitoshi, i think this is far fetched, it does not follow the HS definition, but a lower high and a lower low
tirta18
@2use, Its may not like H&S, but the place of Support and Resistance are correct. I'll sell this pair next week..
kikitoshi
@2use, ok, it's your opinion. I think it is. it's on the top and H&S is a trend reversing configuration. I think that this exactly follow the rules for a H&S configuration and only the future will show us, am I right or not.
lovely4u
Please add your view on current situation about usdjpy. Is it good idea to sell it now? Thanks a lot!
ahmadh70
Tq brother
popshvt
hi.. .. do you see there is some bounce here ? fed minutes is due in next week.. i think dollar should be bounce by then since they can't hike into saggy dollar and they need to
LuckyLaki
thank you for the idea!
Technician
@LuckyLaki, you are welcome
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