848evo
Short

[TRADE SETUP] (RR=4.54) USDJPY Downside Breakout

FX:USDJPY   U.S. Dollar/Japanese Yen
71 0 4
USDJPY             pushed through the falling TL and prior swing resistance level , we could be looking for it to make its way up to test the 200 SMA before falling back down. Still in the trade SHORT and will continue to see what happens. Will be moving SL to a bit above the 200 SMA / 78.6 fib level as PA plays out.

Thanks for viewing my analysis! Please hit the LIKE button if you agree and FOLLOW me for more analysis!
Trade active: Looks like PA went slightly over the 61.8 level and is now heading back down, I am in the trade and have already moved my SL to breakeven+5. Will trail my SL with a hopeful TP1 of 110.70 with a possible further push down to 109.80 area.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out