SmartTradingFX
Short

My current position on USD/JPY

FX:USDJPY   U.S. Dollar/Japanese Yen
205 4 3
Just entered a short on this pair! Analysis on chart!

My CTS             was as follows :
1. Minor structure
2. Overbought on 4 hour, 1 hour and 15 minute
3. Double top
4. Bearish divergence
5. 1.272 Fib extension
6. 1.414 Fib extension

Entry - low of bearish engulfing candle (1 hour chart) marked with the pink horizontal - 123.35

SL - Above highs of double top - 123.55

TP - Back down to structure - 122.90

Risk reward - Over a 2:1

Any comments and or constructive critisism is welcome!

Happy trading everyone!
RJHumphries7d
a year ago
Looks good to me. A trade I've taken myself. We could even see a lower TP... 120 would be pretty sweet
Reply
SmartTradingFX RJHumphries7d
a year ago
Personally stopped out as my stop was too tight as i was shooting for a low risk trade! We go again! Hows your position looking? Thanks for the comment! Apprciated
Reply
still at the short , so you think it could reach 120 levels??
Reply
SmartTradingFX UAE_FIGHTER
a year ago
I was stopped out of this trade... Have you any positions?
Reply
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