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!
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Still no go yet here and here is why guys!
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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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Yes a a touch but no close of a 4H yet. So eaaasy guys not yet :P
As expected this trade to be tricky one! but we have a good H&S on the 1H
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Huge divergence on RSI, get ready guys we may see momentum soon.
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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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A daily perspective on USDJPY. I think that shown level is market objective.
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This is for those who don't want to wait for a 4H close under the 20MA
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Some micro analysing guys :) That range to be broken down to short :)
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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.
@Elliott Moore, Thank you for your support brother!
RuhailKhan
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I really like your chart. if price will come down. hehehe kidding,
PA-FX
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@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 :)
dream7
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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
PA-FX
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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.