fxswing

USDJPY - Short Setup in 93.20 - 93.50 zone

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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1
After the trendline and 100sma H1 break on Friday, USDJPY found support on 1H 200sma.
Shorting a re-test of 100sma, and playing a trendline kissback failure.
Target is a measured move from Wednesday High to Friday's low, with trigger below Friday's low.
93.20-93.50 zone is an early entry, and this short could be also played wih on a break of Friday's low as an 1-2-3 pattern.
Now it's time for the sitting.
Trading success is not going to be entering winning trades, but how you exit your losing trades.

Comments

Full position short USDJPY loaded inside the 93.20-93.50 area, now starting to go lower.
Want to see it close below 1H 100sma 93.28 and below 93.20 and stay below.
So far it's acting as planned, so back to the sitting...
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