SergeantPringles
Short

USDJPY - 2H - Trading with the trend

FX:USDJPY   U.S. Dollar/Japanese Yen
90 0 9
6 months ago
Recent trend has been downward, thats why im still looking for shorts. we are now sitting a trendline cluster and i think i will use this for a predictive entry with a small position. if we find followthrough i will add to the position later on. probably after the breakout of the lower blue dashed line.
you can also wait for some sort of confirmation or go for a conservative 1:1 trade with stops above the recent retest of solid blue trendline(112).
but i like my setup a bit more.
also, if we do breakt the blue solid line to the upside, my bias will switch to neutral and longs will become more appealing.

6 months ago
Comment: the feeling when u enter and the market turning around right away ;) time to move stops above yesterdays high - which is basicly breakeven - since we should be protected by the solid trendline now

now lets see if we can break the lower dashed line. if so, i will look to add to the position
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out