Abozahra
Short

Short it the safe way!

FX:USDJPY   U.S. Dollar/Japanese Yen
So USDJPY             is now near a good supply zone and we can look to shot it from here.

But do it safe and no rush to take the extreme top, that use to burn fingers and wallets.
In the chart you see two ways to do it the safe way, and that how i would take that trade.

Like if you agree, follow and support please!

Good luck!
Comment: Still no go yet here and here is why guys!

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Comment: We are clearly near a something big here and let's home to the down side as a correction soon. See below why!

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Comment: Yes a a touch but no close of a 4H yet. So eaaasy guys not yet :P

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Comment: WTF earthquake in Japan :O

http://earthquaketrack.com/quakes/2016-11-21-20-59-50-utc-7-3-10
Comment: Last update b4 bed time: No good momentum yet.

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Comment: As expected this trade to be tricky one! but we have a good H&S on the 1H

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Comment: Huge divergence on RSI, get ready guys we may see momentum soon.

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Comment: So guys, idea invalidated for now, it can be a shakeout, and that's why i was very suspicious to this trade from the start. We follow the safety rules and i hope no one lost a dime on this trade coz i was clear from the start about the situation of this trade.

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Comment: A daily perspective on USDJPY. I think that shown level is market objective.

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Comment: This is for those who don't want to wait for a 4H close under the 20MA

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Comment: Some micro analysing guys :) That range to be broken down to short :)

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Comment: So guys here two ways to take a short here, keep in mind that we are trading against the trend so TP should be not too big.

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i like this man you good bro
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Abozahra PRO AkimkxHills
@AkimkxHills, Thank you buddy! that was kind of you!
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Looks good!
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Abozahra PRO AdiThatsMe
@AdiThatsMe, Thank you!
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Great approach! Like your ideas!
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@Bimmer28, thx! :)
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@Abozahra, good chart
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Abozahra PRO fxmoneycontrol
@fxmoneycontrol, thank buddy!
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how to see divergence RSI?
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Abozahra PRO SiamSamuhatananon
@SiamSamuhatananon, Divergence is when prices goes higher or make the same high but the RSI goes lower and vice versa when on the down way.
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that's good idea
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@Bug, Thx buddy!!
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thanks for sharing, great explanation, and very clear chart too....appreciated!
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@Gar3th, You are welcome my friend! that's the meaning of this community :) too bad it getting more and for other reasons.
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Gar3th PRO Abozahra
@Abozahra, you have taught me alot since I began following you, so many thanks and keep up the good work......ignore everything else!
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@Gar3th, Happy to hear that! :)
+1 Reply
Looks great ,I think the dollar is over bought ,and i am long GOLD!!!

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Abozahra PRO fxxxxtrader
@fxxxxtrader, Thx! well for me the dollar looks bullish not over bought. My idea here is for a correction.
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Looks God now,going to break the trend line
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Abozahra PRO fxmoneycontrol
@fxmoneycontrol, Gonna wait for a 4H close under the TL and 20 MA, but that's me :)
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@Abozahra, yes I am also waiting for that to close below to add few more shorts,what will be ur target if it close below
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Abozahra PRO fxmoneycontrol
@fxmoneycontrol, Trailing SL until it show a strong close above the 20 MA
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eyes glued on screen...am with you every step of the way....i like this Mate
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Abozahra PRO melvin414
@melvin414, Well today i have time to put my steps :) that don't happen all the time :D
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melvin414 Abozahra
@Abozahra, you dont have to all the time.. i mean some of us are quick in learning ...one time is enough unless its something new
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Abozahra PRO melvin414
@melvin414, Great :)
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Wait for it happen.
+1 Reply
do u think it will hit 111.671?
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Abozahra PRO iamnoblethomas
@iamnoblethomas, Everything is possible in the market :)
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@Abozahra, so is it better to wait for before going short ?

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Abozahra PRO iamnoblethomas
@iamnoblethomas, By my trading rules and style yes. But i am very conservative trader :) many are short already, but i know that this level gonna be little tricky to go short early.
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Showing good shape in h4 and h1,let's hope for big fall of usdjpy
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Abozahra PRO fxmoneycontrol
@fxmoneycontrol, yes, I just wanna see some strong momentum:)
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I'm short from 109,70 with leverage low. It's correct if I placed another order, about 111 ?
I'm worried about the target, that does not go down below the 109,50 . I'm right? Thanks

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@dream7, it depends on your plan and trade idea. For me I am not in yet, still waiting for a strong 4H close under the 20 MA. And gonna trail SL above the 20 MA.
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@Abozahra, can u post update with 20 sma
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Abozahra PRO fxmoneycontrol
@fxmoneycontrol, It is in the chart buddy!
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I really like your chart. if price will come down. hehehe kidding,
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Abozahra PRO RuhailKhan
@RuhailKhan, Thank you! that's why i call this idea "Short it right" :) no jump in here directly coz i knew that this trade will be tricky :)
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Very good analysis and advice as usual. Elliott
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Abozahra PRO Elliott Moore
@Elliott Moore, Thank you for your support brother!
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