USDJPY - 5 Reasons For A Daytrade Sell!
Sell #USDJPY Plan
First Entry was at 114.94
Second Entry is pending order at 115.04
Stop is at 115.22
Target is at 114.64
I have 5 reasons to sell USDJPY for a daytrade.
1. Currency Strength Meter JPY is strong USD is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
First Entry was at 114.94
Second Entry is pending order at 115.04
Stop is at 115.22
Target is at 114.64
I have 5 reasons to sell USDJPY for a daytrade.
1. Currency Strength Meter JPY is strong USD is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
Trade closed manually:
Breakeven