4xbullion
Short

Short USDJPY on hourly close below 107.95

FX:USDJPY   U.S. Dollar/Japanese Yen
187 13 3
The pair made a harmonic move (ABCD). A move of the same quantum would take us to 38.2% retracement of the longer term uptrend. However, it is only advised to get into this trade when we get a close below 107.95 on the hourly timeframe. Also, we have FOMC meeting minutes today so do watch out and make sure to trade with stops.

Trade Type: Trend Continuation (Shorter TF)
Price: Hourly close below 107.95
Tgt             1: 106.60
Tgt             2: 105.53
Stop Loss: 108.65
R/R ratio: Almost 2
Very good, I made a similar chart, but my entry was sloppier, well played.
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4xbullion IvanLabrie
I'm already short from 109.40.. Looking to add to the trade.. At what levels are you in??
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I shorted down from 109.84, but closed too early. Got in at 108.10, a bit of misjudgement, but well, so far so good.
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4xbullion IvanLabrie
I feel we should hit tgt 1 in the asian session tommorow..
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I'm strictly trading NY, been doing intraday, and really well but decided to try longer term trades. Off to a rough start with some drawdown heh. Asia session hasn't been as active as NY in this pair. Hopefully you're right though. :)
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IvanLabrie PRO IvanLabrie
And, you're in I guess. I was a bit too early, but already in the positives. Secured my daily profit and will let the rest run till my target is hit. :)
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4xbullion IvanLabrie
Yes I'm in.. Fingers crossed, stops in place... This week has been negative for my intraday trades.. Hoping this covers them up!!
+1 Reply
Tgt 1 hit!!
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Tgt 2 hit.. Total Profit 235 pips!!
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4xbullion 4xbullion
* Corrected: Total Profits 365 pips
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Amazing run ;)
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You charts are amazing @4xbullion !
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4xbullion MohammadRahimi
Thanks :)
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