Schliemann

USDJPY 4H - Sell the breakout

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi everyone,

The current pattern this pair is in, is likely to break to the downside. I will wait for a short time frame candle closing below the pattern in order to execute this trade , so there is not an exact short entry point, but could be around 108.000

Short entry: 108.000 (Aprox.)

TP: 107.019

SL : 108.603


*Not financial advise, just sharing my ideas :)

Feel free to give your feedback/opinion. Thanks for reading!
Trade active
Trade closed: stop reached

Comments

Great Setup, I have a long Position running on this pair right now, what do you think?
Reply
Schliemann DACapitalTrading
@DACapitalTrading, Hi, as long as we don't see a candle closing below 108.000 I think your position has more chances than going down. Good luck!
Reply
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