tinypotatodotca
Short

Look for continuation if UJ retraces to key area

FX:USDJPY   U.S. Dollar / Japanese Yen
80 3 3
If UJ retraces to a key area a short trade can offer approximately 1.5X risk/reward.

A more conservative entry is to look for a confirming pattern on a lower timeframe (e.g. 15min) once the market retraces above 101 even handle
It is retracing, but I don't try to catch moves that are counter (bigger) trend. i.e. I don't try to go long here to target a retrace to 101. My plan is to wait for the market to reach a decent area (based on previous areas of support / resistance) that also offers a risk/reward above 1.3X
Reply
Well maybe just a quick pullback b4 101 as I can see a nice 4hr chart(bullish)?
Reply
It's retracing now no?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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