USDJPY
afyer retest
sell short
until 0.5 / 0.618 fib level
On the chart displayed, there's a trading strategy that involves waiting for a price retest following a break of structure. A detailed analysis suggests that, once the price retests the significant level and shows clear signs of rejection, we should prepare for a potential short (sell) entry. Specifically, the strategy will focus on waiting for the price to break below the support provided by the bullish channel trend. Upon such a break, and with confirmation from additional signals such as increased volume or bearish candlestick patterns, a trader might deem it appropriate to enter a short position. The aim is to maintain this position until reaching the predetermined take profit point, which is typically a previously identified support level or an optimal risk/reward ratio according to one's trading strategy.
afyer retest
sell short
until 0.5 / 0.618 fib level
On the chart displayed, there's a trading strategy that involves waiting for a price retest following a break of structure. A detailed analysis suggests that, once the price retests the significant level and shows clear signs of rejection, we should prepare for a potential short (sell) entry. Specifically, the strategy will focus on waiting for the price to break below the support provided by the bullish channel trend. Upon such a break, and with confirmation from additional signals such as increased volume or bearish candlestick patterns, a trader might deem it appropriate to enter a short position. The aim is to maintain this position until reaching the predetermined take profit point, which is typically a previously identified support level or an optimal risk/reward ratio according to one's trading strategy.
Trade closed: stop reached