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M_Shariq
Feb 5, 2024 4:47 AM

Trade plan #2: Short/Sell USDJPY Short

USD/JPYOANDA

Description

My trade plan 2:

I have sold USD against YEN around 148.535 and I will be trailing it to 142.765 (3rd Target) but i will be loading off some at Target 1 and target 2. My Stop loss is around 149.325.

Disclaimer
Trading is very risky so trade using your own research.
Comments
TheFxAce
Your clear explanation of why selling is sensible right now is convincing.
M_Shariq
@TheFxAce here are my reasons for sell: 1. Powel has hinted decrease in interest rates. 2. Triple top at 4H 3. Head and shoulders at 1H and lastly strong selling off at Buying liquidity zones
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