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Charts247TradingAcademy
Dec 12, 2018 10:52 AM

USDJPY SHORT BELOW 113.38 Short

U.S. Dollar/Japanese YenFXCM

Description


The Bullish run is losing its momentum, price currently sits above an important structure 113.38.
A rollover below the structure will pose downside risk to the gains made by buyers.
We are short below the 113.38 targeting 112.59 area.
Stop above the current high 113.55.
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To achieve consistent results; as a Trader your Job is:
You must have a well defined Rule-based methodology/strategy that works Minimum of 5 out of 10 times.
Practice and understand your strategy.
Analysis followed by Confirmation and lastly and the most crucial; Execution (Optimum Entry, Exit, Tp and SL).
Keep it this simple and you will not Fail.

Trade active

We have a sell. close below 113.38.
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