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doktrader
Jan 9, 2017 1:58 AM

USDJPY 2618 Short Setup Short

U.S. Dollar/Japanese YenFXCM

Description

Hi Guys in this pair we can try to shortem down to 115. Good luck
Comments
tipua411
This is really helpful. thanks
WeiJunLim
u still think we will hit 115?
doktrader
@WeiJunLim, Hi there! Yes I guess at least 115.30, this is my first target. Untill now it looks all good not agree? :)
doktrader
@WeiJunLim, but now its not good to enter in this trade. Are you already in?
WeiJunLim
@doktrader, Yes. I am in from 117.15. Looks like it has difficulty breaking 116
SageFXTrading
@WeiJunLim, Might be good to close 1/2 position and set S/l to breakeven. USD/JPY is still an uptrend on the daily time frame.
WeiJunLim
@SageFXTrading, Ya. it formed an hammer on the 30M and 1H chart
SageFXTrading
@WeiJunLim, You are still in the green even if you closed now :) Can't argue with profits.
WeiJunLim
@SageFXTrading, Yup moved my SL to 116.550 to lock in the profits
doktrader
@WeiJunLim, @WeiJunLim, Guys thanks for discussing under my chart! :) This is cool. I dont see any reason for close my position now, even in 5m chart we are still in downtrend. I wait for first target and then i will close 2/3 of my postion and move sl to breakeven. I dont change my postion once im in. If not i would alwyas take profit after 10 pips haha. And the rules of 2618 trade is at least going to retest the lows. But maybe youre wright guys, lets see. Good luck!
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