TradingView
MEX_Exchange
Dec 1, 2017 3:24 AM

USDJPY profit target reached perfectly, prepare to sell Short

U.S. Dollar/Japanese YenFXCM

Description

Sell below 112.70. Stop loss at 113.41. Take profit at 110.98.
Reason for the trading strategy (technically):
Price has reached our profit target from previously. We look to sell below major resistance at 112.70 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to at least 110.98 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing major resistance at 97% where we expect a strong drop from.

Comment

Did we freaking kick ass on this trade or what guys?!

Trade closed manually

I think it'll be good to close 60% position and move the rest to breakeven :)

Comment

reason being, it is never good to hold a trade over the weekend after NFP. Personal opinion of course haha.
Comments
tollybobs
Well, you are simply awesome. Thank you
ahnwooseon1
Magnificent!!
mary27
:) you did
nfjr2716
Crazy!!
detconan
I followed mostly of ur signal and ended many pips in the pocket.good job and keep it up
PLAYER_ONE
Thank you!
zemnexx
Also waiting and watching, been waiting for the reversal for a while now, rather see the confirmation first before I sell.
Juno-Juno
I so want to believe this is true but so many people sadid 110 was coming this week and I still have my old short positions .
MEX_Exchange
@Juno-Juno, so is it true? or am i a false prophet? haha
Juno-Juno
@MEX_Exchange, Yes well done ^^
More