USDJPY, Breakout neckline SHS pattern on H1--> Sell Short

USD/JPYOANDA

Description

⋅ Oct 7, 2018 10:17 AM

- Maintrend: Uptrend
- Tendency: Upward
However:
- Test resistance Weekly --> Given doji candle
- H1: SHS pattern, breakout neckline
--> Downward pullback on H1
==> Sell

Comment

⋅ Oct 8, 2018 10:31 AM

Move stoploss lto entry

Trade closed: target reached

⋅ Oct 8, 2018 6:14 PM

Comments

cruzn2trading

⋅ Oct 7, 2018 5:31 PM

I’m new to this and was looking for some help

DatTong

⋅ Oct 8, 2018 6:57 AM

@cruzn2trading, so just look for a while, dont be in hurry

cruzn2trading

⋅ Oct 8, 2018 7:12 AM

@DatTong, thank you

ShentaTsai

⋅ Oct 7, 2018 6:15 PM

No lah, as long as 113.50 holds, 116 is the direction to go.

DatTong

⋅ Oct 8, 2018 6:58 AM

@ShentaTsai, could be

ShentaTsai

⋅ Oct 8, 2018 7:00 AM

@DatTong, U welcome, and thank you for daily trading ideas too

DatTong

⋅ Oct 8, 2018 6:14 PM

@ShentaTsai, so it didn't hold second time :P

ShentaTsai

⋅ Oct 8, 2018 6:57 PM

@DatTong, yes, Congratulations, I loss few pip on the long trade, but put another short just 113.45. Thanks, so, what is ur profit target?

ShentaTsai

⋅ Oct 8, 2018 7:25 PM

@DatTong, Just cash out at 112.90. Cheers