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Rabeekhatlani
Sep 27, 2021 3:26 AM

USDJPY (Live Trade - Short Call) Short

FX:USDJPY60
U.S. Dollar/Japanese YenFXCM

Description

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Bear Signal - Short Call

Dow - NA (Lower Low formed - Lower high not in place)

Candles - Bear(Bearish Engulfing @ 4Hr)

Trend - Bear (Bullish Trendline Broken) & Double top pattern in place

Support & Resistance - Bear (Price bouncing off from daily resistance levels)

Divergence - Bearish divergence in place


Bulls Vs Bears
04 - 00

Mentions Level
Stop Loss
Take Profit Entry
Risk to reward ratio = 1 - 1
Risk ratio 5%

Trade closed: stop reached

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Will be following for re-entry
Trend AnalysisChart PatternsTechnical Indicators
Comments
ammaryaseen1
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One of the main reason this did not work out was strength in Dollar and weakness in JPY. Although the risk to reward ratio is good, but I would have taken risk ratio of half (2.5 rather than 5%).. Keep fundamentals in play., JPY was the weakest last weak and USD the strongest.. The ideal pair selection should be strongest vs neutral or weakest vs neutral... Strongest vs Weakest on reversals is risky..
Still a great work
delp_sahand
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it will touch lower targets such as 110.000
Bashman97
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It will go lower than ur target x
Rabeekhatlani
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@Bashman97, agreed but i keep my risk to reward ration at 1-1......as my winning ratio is better so i dont follow trades.....
RS_999
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💯🚀
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