Fib.The.Gentleman

Closing Longs , Short time? Short UJ :)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Yoah People.

We did go long at 120.50 which turned out to be the perfect Long Entry.
Friday right before Market closed we did close the Long Trades.

Now we are looking at possible Short Entry at the Trendline.
We do have Lower Highs... again and again...
We are currently having a price at 76,40 % Retracement.

My Chart shows a Trade Chance with 1,5 Risk to Reward
You can Enter the Trade on 5min and get very fast o break even, so you dont need that large Stop which is shown.
Stop is placed above last High if you want to.

Be free
Be Happy
Turn off ya emotions only while trading ;)
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.