buff22
Short

USDJPY Breakdown from Overextended Move

FX:USDJPY   U.S. Dollar/Japanese Yen
a year ago
I think the USDJPY             is a bit overextended, and due for if anything a small retracement.
Two short entries, as outlined, are used because 123.04 is not very strong resistance.

1st entry is half as large as 2nd.

Target is a trendline as outlined, Target 2 perhaps the 20 or 50 EMA TBD
a year ago
Trade closed: target reached: This trade went very well, with a profit of approximately 40 pips. The price didn't reach the second entry target, but neatly broke out of the channel and to target

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out