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PrimedGroup
Jul 30, 2020 5:10 PM

USDJPY (swing) SELL TRADE Short

U.S. Dollar/Japanese YenFXCM

Description

The trade idea is supported by a strong down-trend. About 25minutes are left for the complete breakout confirmation.

RR is 4+.

Trading Plan:

104.808 is the main support level we need to see break. If that breaks compounding will commerce.

If price cannot break the above mentioned "main support" level then I will look to cut the trade.

I believe price action over the next few days (by next week) could be at or below 102.400.

Comment

UJ right now at the support, I moved SL into profit by 5 pips.
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