longgo

USDJPY tentative situation.

Short
longgo Updated   
ICMARKETS:USDJPY   U.S. Dollar / Japanese Yen
USDJPY tentative situation. USDJPY approached strong resistance, but the technical picture is seemingly breaking the resistance and go higher, because the pair is standing at resistance line, with no sign of shorting from the big fish.
But we may risk 10 pips, its about 50 usd, if your trade volume is 50.000, with take profit of 20 pips. Trading at this point is extremely risky without the stop loss. If you trade at this point like i do, just adopt you psychology that if you lose 10pips will make you happy, if we win, we are double HAPPY.
Good luck fellows.
Comment:
wow, really break up.
Comment:
tight stop loss
Comment:
Updating idea. The reason why i was choosing short beside of long is because BOJ intervention is likely to take the place. 152.9! becarefull guys.
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.