Overall Dollar is bearish. The move just now give us opportunity to short. This is a swing trade. Target will be around 112.50, 111.50 and 110.50.
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I have another 2 short orders, see the chart. SL above 114.50.
Manage your own risk.
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This trade is doing well, USDJPY reversed just before 50% retracement. I did add more short at 113.75 area (+/- 5 pips for slippage) USDJPY, 1H candle potential HS to the downside. Prepare to add more more short at 113.35~40 area.
Good Luck!
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First TP around 112.50-60 area where weekly S1 is. Once 112.50 is broken, is waterfall.
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SL updated above 112.65 candle close
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Correction :113.65 lol...
Anyway TP1 : 112.50-60 reaching soon...
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TP1, reached, final TP 112 flat.
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Decided to close now.
Comments
TradZ
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If your in SHORT already, why? Take a look@The Daily Chart. It gives us an opportunity to @Least hit targets around 0r close to 114.000 ;)
RoboCash
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@TradZ, I usually enter few smaller positions on different levels, 114 is the 61.8, I agree on the selling price there as well.