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FOREX_trade_01
Apr 17, 2024 6:47 AM

USDJPY Short

U.S. Dollar / Japanese YenFOREX.com

Description

Consider initiating a short position now at the current price of 154.50 for USD/JPY. Selling at this level anticipates a decline in the exchange rate of the US dollar against the Japanese yen. Set your stop loss (SL) at 156.00 to limit potential losses in case the market moves against your position. This trade offers three potential take profit (TP) levels: TP1 at 153.50, TP2 at 153.00, and TP3 at 152.00. Each TP level represents a target price where you may consider closing a portion or all of your position to lock in profits. As you execute this trade, closely monitor market dynamics and be prepared to adjust your strategy based on evolving conditions. With careful risk management and clear profit targets, this trade aims to capitalize on anticipated downward movement in the USD/JPY exchange rate."

Trade active

as o mantion its sellings look at the chart its hitting on the 153......
Comments
TheFxAce
Spot on, let's make gains by acting during the dip.
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