kate25

UsdJpy short term

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
10
The daily pivot has changed from advancing to declining - so on the daily, average price is collapsing - the 8hr pivot also started to collapse and is now riding below the daily pivot. I can use the previous daily pivot is my stop loss which has a supply zone just before it - targets sit at the pivot highs below. If the 8hr pivot reverts to advancing up then I would close the trade.
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