sam.aziz
Short

USDJPY short at market for 40 pip risk and 500 minimum reward

FX:USDJPY   U.S. Dollar/Japanese Yen
141 8 2
Here is a great short from 110.35 right below the 0.786 FIBO of the impulse leg down from 111.13 to 105.65. I entered at market and my conservative target is 0 retracement at 105.56. If and when the price gets down tere I will evaluate and maybe then will get out at the -0.272 FIBO. Opinions and feedback is welcomed. Good luck to us all.
TradZ
6 months ago
Good Catch:)
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sam.aziz TradZ
6 months ago
Thank you I hope it works out as planned. Are you getting on it too?
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TradZ sam.aziz
6 months ago
pretty soon I will. Just waiting for more confirmation on the 4hr chart is how I play:)
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sam.aziz TradZ
6 months ago
yeah that is good too, I just get on it to have a smaller risk because if it is going to work it will work but if it is not going to work then no matter what the SL will be hit lol. Great though. Thanks for your opinion
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TradZ sam.aziz
6 months ago
So TRU! which is what I strive for but they turn so quick it's hard for me to make a quick decision. For instance, I was inches away from my target this morning heading up(110.5) and so I'm thinking maybe a nice pullback once again but no, It had to play games lol
So now I will feel more comfortable if I wait for the 4hr:)
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sam.aziz TradZ
6 months ago
yes i know how it is. That is why sometimes I close some trades manually if i am almost at the target, specially when I see the momentum starting to turn. This is a risky business lol
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tmp9st
6 months ago
Quite ballsy though considering how USD may turn bullish with the upcoming possibility of rate hike.
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sam.aziz tmp9st
6 months ago
Yes but that is not supposed to happen until next month, If we go down to around the 105.00 figure then We should be thinking longs. We are in a monthly uptrend for sure but the prices are too high right now to buy.
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