Fxprotrader
Short

USDJPY Sell Opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
562 15 23
Price is has reached at level where it tests a medium term downtrend. Looking at a higher timeframe we may see that is moving in a corrective structure after a sharp move to the down. Although USD shows strengh this is a good level to short

Price entry: 110.113
Stoploss: 110.443
Profit targets: 109.447, 108.877

If price reaches the first target, we move stoploss to breakeven

Structure:
snapshot
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i will add my position when this trend line is broken
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This will be huge.. But if it breaks watch for another sell setup.. Don't trade just the breakout..
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Yes thank you so much ..i will do that if we reach to the first TP . But also i will close half of my position its 70 pips its very nice for me thanks again for your great view :)
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Very nice, good luck..
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I am with you guys plz can any one explain to me what is the breakeven is that mean entry point or what breakeven mean?
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Hello Mazenfx.. Breakeven means that when you are in profit you move your stoploss at your entry point to secure that you won't lose if price reverse. In this trade if price reaches the first target, move your stoploss at the entry point ( 110.113 ) and let the second trade run risk free. If you wish you may place it a some pips above your entry for a tiny profit. I hope that helps..!
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im also short on this one, look at the price action patterns in that area and divegence H4,yammy
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It works well till now..
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piletji Fxprotrader
still early buddy
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Yes that's right, that's why i said till now
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