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IvanLabrie
Jul 18, 2017 1:35 AM

$USDJPY: Potential weekly short Short

U.S. Dollar/Japanese YenFXCM

Description

I like this entry here, long the yen. It's possible to see a sharp decline soon, and here the weekly chart is calling for a short entry with low risk and good risk/reward. First target is 105.402 but it could extend lower, so, just follow the trend with a wide enough trailing stop once in profit matching the stop loss distance here.

Best of luck,

Ivan Labrie.

Comment

Continuation is possible here...support didn't hold in the daily, and with Trump's war threats, this chart suddenly got real.

Trade closed manually

Cover and go long -we bought earlier this morning-
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