Tradesmanship

(USDJPY) Daily - Speculation and Analysis

Long
Tradesmanship Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
we shorted this pair earlier from the very top and now we have reached a potential reversal zone. There is a high chance the price momentum to turn bullish for the long-term at this point.
We have a great R:R here, so I think its worth giving this trade a shot.
Trade closed: stop reached:
we are still in the reversal zone, if we get a better price action, i will post another long.
Trade active:
Trade active again, SL on yesterdays candle low.
Comment:
stopping all trades before NFP
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.