USD.JPY scalp short into Reversal? based on ONE line: $ 110.025

Feb 7, 2020

Attempting a scalp short which if survives might catch the reversal.
Market sentiment has been "Risk-On" so shorting this pair a bit risky.
But as we know, risk sentiment can flip instantly given some "news".

No targets yet, but will watch each of the Blue fib lines for clues.
IF the move progresses down, I will make measurements and a new plot.
Until that time I will trail the Stop one fib behind the price at any time.


$110.025 is NOT some random number, it is THE number for UJ, see this plot:

Feb 7, 2020

Note

Booked a few Pips

Trade still on, booked 20% of position on this Ping just enough profit to cover spread and fees on the remaining portion, which now has SL at BE.

Hero or Zero on this one, either no profit (but no loss) or we catch the trend change.

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