TradingView
SaulFX_11
Nov 20, 2019 11:05 AM

USDJPY 11/10/19 Short

U.S. Dollar/Japanese YenFXCM

Description

Here's the UJ short I mentioned in the Holiday Update post. I entered on the close of the weekly SFP candle. I've already moved my original stop and added to the trade after the inside day failure (which has already been resolved) printed. Watching for a thrust candle on the daily to break the immediate daily level before I add more. The main ideas behind this trade are the weekly SFP and the failure of the weekly H&S. Aiming for the right shoulder.

Comment

I cut this off for 0.3R, thinking about using weekly biases as confluence as opposed to trading them for the long run. Having to hold through so many daily closures and two weekends was not ideal.
More