sngyuchao
Short

USDJPY Short: Toppish formation

OANDA:USDJPY   U.S. Dollar / Japanese Yen
I believe that USDJPY is reaching a price zone that is favoring shorting. I have identified a price where previously USDJPY has failed to breach. However, take note that the current price of USDJPY has already fulfilled the criteria of a new high relative to it's previous peak. Maybe some averaging techniques can be used here if you are interested to enter.

Although I think that a throwover is quite improbable given the straight-line rise, I still think it is better to put the stop higher than the strong resistance price.

If you believe in fundamental correlations and causation, you can check out my ES short idea also: Flight to safety (long Yen) in the event that ES crashes.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out