joaolp

USDJPY Fall down?

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
( Fundamental Analysis )
- Bank and Institutional are still holds their JPY LONG Position and suprisingly there's a quite big Ammount of New LONG Position of JPY in last 2 weeks, while USD is still under confusion and bad news, Big Banks still hold their SHORT Position on USD, we can expect a Bearish Trend on USDJPY in a week a head.

( Technical Analysis )
- Price is move around reversal area on 106.106
- Wait for the Price action around 106.106-106.631
- If Bearish candle confirm Open Short Position, If not just wait do not make trade
- Atl 2, You can also Open Your Short on the 106.620, see the price action.

Rules
- Risk 2% of your capital
- Price Action! wait for confirmation candle

*This is for your trading reference only, trade at your own risk, don't forget your money management. Wish you a Profitable Trading, GBU .

Comments

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