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DaQuant
Nov 18, 2016 1:38 AM

USDJPY Short Short

U.S. Dollar/Japanese YenFXCM

Description

Thinking short for now.
Range 100 - 111 is an area that USDJPY always fluctuate.

Every time when the px came from above 111 will find its support around 100-104 and bounce upwards. After this bounce, px always finds resistance around 111 and come back to 100 level again (no matter DXY is rising or dropping).

So I am closing out my longs for now. Looking to short a small amount, then long again at 104.

Comment

Good short trade guys.

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