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JD_FX
Jan 28, 2021 8:29 PM

Short position placed on USD/JPY Short

USD/JPYOANDA

Description

4hr price action showing a doji and a curve in candles
Stochastic showing the market is overbought and now %% lines are facing towards the momentum range
TP just above the 200 SMA on 4hr
However, 1Day SMA the price is running underneath the 200day SMA suggesting the overall trend is bearish

Entry - 104.237
SL - 104.254
TP - 103.725

Trade closed: stop reached

That got real - real quick...
Comments
ahmedyaree500
Good analysis I’m going on o wait for the 4hr candle to close bearish hopefully then get on it
JD_FX
@ahmedyaree500, it's just closed - what do you think ?
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