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jrfxtrader
Oct 1, 2019 10:03 AM

USDJPY short sooner or later 

U.S. Dollar/Japanese YenFXCM

Description

USDJPY is getting close to the JPY demand area and will go short either at the trendline or at the strong demand area around 108.8. Entering short now half of the volume with another pending order at 108.8

Trade active

TP at 107 area (107.07 in my positions) and SL at 109.36. Entry price was at 108.35

Trade closed: target reached

TP Target was hit at 107.07

Comment

Next moves will be most likely completing the drawn triangle formation with continuation pattern followed but thats another story for another analysis...
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