JosePips
Short

USDJPY POTENTIAL SHORT (LAST PUSH)

FX:USDJPY   U.S. Dollar / Japanese Yen
THIS IS A MORE AGGRESSIVE TRADING SETUP BUT I WANTED TO MAKE THIS POST FOR THOSE THAT STILL SEE POTENTIAL IN THIS PAIR. IF YOU LOOK AT USDJPY IT HAS BEEN DOWNTRENDING CONSISTENTLY ON THE DAILY CHART FOR A LITTLE OVER A MONTH NOW. IF YOU LOOK THE SELLERS ARE STILL CREATING NEW LOWS AND PUSHING PRICE ACTION TO THE DOWNSIDE SHOWING THERE IS STILL INTEREST IN SELLING THIS PAIR. IT IS STILL AT A HIGH LEVEL AND BUYERS AREN'T READY TO JUMP IN FROM THE LOOKS OF IT. POTENTIAL QUICK SHORT OPPORTUNITY FOR WHAT I THINK MAY BE A LAST PUSH. WAIT FOR A WEAK BUYER RE-TEST TO THE UPSIDE STRUCTURE AREA OF 107.900 TO ATLEAST GET A BETTER RISK/REWARD SETUP OR CAN TAKE AGGRESSIVE ENTRY IF YOU FEEL THAT IS MORE OF YOUR STYLE. KEEP AN EYE ON THIS PAIR AND THE MOMENTUM AND LEVELS IT HOLDS! KEEP AN EYE OUT!

CHEERS!
Trade closed: target reached: Target was hit! On to the next, Cheers!
Aggressive but with high probabilities of success.
Reply
JosePips TradingShot
@TradingShot, yes like I said a little more aggressive, but at proper entry there is still good risk/reward here
Reply
Good stuff, thanks for sharing! Would appreciate any feedback you have on our idea:

Reply
JosePips FXCM-EDU
@FXCM-EDU, hey FXCM I think your idea is okay, not really showing where the target zone is. So that could affect how to properly allocate the risk/reward, and also the stop loss is too low in my opinion. Price easily could re-test that structure which I believe it already has. SL should be above the seller that created previous low!

But obviously I agree with your idea to some extent based on my post but that's my feedback
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out