USD/JPY Daily Update (3/5/17) Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 3, 2017 2:12 AM

Price is in the resistance zone

Volume has not been supporting the upmove.

a nice red candle would qualify for a good low risk entry trade.

Should it breaks, we could expect it to visit 114 level easily.

Comments

TheCalculatedSpeculator

⋅ May 4, 2017 10:53 AM

Interesting trade idea, I'll try it out on Demo and update here,

Order entered at,
ENTRY:112.941
SL: 113.586
TP: 109.472

Do correct me if I am wrong. Will update the end result