Bonavest

A Dip Dip Coming In? Not sure to Soy Sauce Levels

Short
Bonavest Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
10
After seeing a SELL signal on the Daily after hitting a new high and ricocheting off of the SuperTrend at 112.09 I think we can expect a dip similar to the one experienced on February 15.
Trade active:
SHORT @ 112.25
STOP LOSS @ 112.57
TP @ 110.0?

Will watch the trade manually for profit taking for now.
Trade closed: stop reached:
Ugh... Fail.

UJ was at that turning point where I just couldn't tell where it was going. I believe now we are set on a direction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.