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shresthasanggam
Sep 20, 2020 5:27 AM

USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY is making lower high and lower low. But if you go to daily or weekly time frame, it is currently at very important support zone.
But before looking for reversal we can enter a short position.
There is multiple supporting confluences for short position.
#1 previous support zone into resistance
#2 trend line
#3 Fib Retracement
Use risk management when entering trade.

Comment

Waiting for monday

Comment

played out well

Trade closed: target reached

If you have entered this trade you can exit
Comments
PolarHusk
all the best
shresthasanggam
@PolarHusk, thankyou
BakiShirzadi
Nice analysis keep it up
shresthasanggam
@BakiShirzadi Thankyou
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