USDJPY 110.40 to 108.60 Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 25, 2016 2:31 PM

Potential bearish reversal on USDJPY from current level 110.40 (green trendline projection), SL 110.80 (20.May high, R2 level), TP 108.80.

Comments

agentkatoon

⋅ May 26, 2016 10:18 AM

Hello, great analysis. Can i know how can i put the pivot level in the chart?

rauan

⋅ May 26, 2016 10:20 AM

sure, on chart page click Indicators, type 'pivot' in search box then select one of the options that suits you most.

agentkatoon

⋅ May 26, 2016 10:23 AM

thanks but it has so many options, i want the exactly like yours

rauan

⋅ May 26, 2016 10:24 AM

This exact one is 'Pivot Points Standard'.

agentkatoon

⋅ May 26, 2016 10:30 AM

thank you sir. are still shorting uj?

rauan

⋅ May 26, 2016 10:31 AM

yes, trade is active.

agentkatoon

⋅ May 26, 2016 11:19 AM

right now are you moving the SL to breakeven?

TradZ

⋅ May 25, 2016 2:45 PM

We have more upward movement so you should place a hold on tht SHORT momentarily:)
4hr chart, no signs of weakness just yet....

rauan

⋅ May 25, 2016 3:27 PM

What are the signs you're waiting for?

TradZ

⋅ May 25, 2016 3:30 PM

ok you were right:)
Signs I wait for Is color change lol