ddreamz

USD/JPY short opportunity

Short
ddreamz Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello,

My idea on USD/JPY for the next week:

Judging from the Daily downtrend, the price is still holding below the last zone it broke. It is just ranging.
This is a sell opportunity from the top of a range that has been created.
H4 chart overcame the buyer last week. I am looking to short from the recent sell zone on the H4 with the overall flow.

Good luck!

Comment:
Need a better price in order to short it away from 106.80 since it will be my first problematic zone and first potential targets, so I can get away in case of trouble.

Comment:
Comment:
H1 outlook:

Comment:
I found an entry earlier today. I am now moving stops closer to the entry with 18 pips risk.

Comment:
Just closed the trade at breakeven.
Trade active:
Re-entered:
SL - 107.30
TP1 - 106.65
Main target remains the same
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