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primetimesosa
Jul 22, 2020 9:02 PM

July 22nd 20 | UJ Analysis | Asian Session Short

U.S. Dollar/Japanese YenFXCM

Description

My updated analysis for UJ. Initial thoughts for bullish, since price was going above the high of the bearish 4HR candle. Price subsequently came back into the bearish range which prompted me to adjust my analyis.
If 30min candle does break and close above 107.199 I will be bullish. But as of now I'm currently bearish.

Trade closed: stop reached

Stopped out at 107.222.
I did re-enter this trade though, on the close of the candle that stopped me out.
Comments
primetimesosa
Should've placed my stops above the most recent resistance that was formed.
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