simonecabras

USDJPY short on 4hr chart

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has retrace to a previous support level at around 122.30.
The long wick on the candle confirm that price are pushing on the downside.
I am going short at the opening of the next candle, SL above the wick of the candle at 122.28 and TP at the previous lower low at 121.50
Lets see!!
Comment: My target is not 121.50 but 121.15 as shown from the drawing in the chart attached.
Trade closed: target reached: I have reached my target.
This is not a trade that will change your life but is still a good positive trade!
+78 pips

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