JLJ002500
Short

USDJPY - Trade Journal

FX:USDJPY   U.S. Dollar / Japanese Yen
47 0 5
Have been trading the ST             consolidation channel. Last trade was long off support. Current trade is short off resistance.

Supporting factors:
- Channel resistance held
- Strong bearish price action
- Decent risk/reward

Opposing factor:
- See bullish divergence on RSI on 1D chart below

1D:

Bullish divergence has been building indicating a potential reversal. I expect channel support to be tested again before any significant reversal. Despite my expectations, this trade needs to be managed. Watch price action especially around 112.50 - 112.12 area.
Trade closed: target reached: 1st TP reached. Took profits before going into the weekend.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out