Idea: Short around 149.9 - 150.2
Reason: USD/JPY is on verge of hitting 150 and above, BOJ will look to intervene. Short-mid term chart shows signs of temporary reversal is high with overbought signals. (RR ratio over 5)
TP: Based on key resistance/ support level
SL: Above 150.5, potential to go above 150.3 before crashing
Key targets (Short-term): 149.25, 148.8, 148.4, 147.7, 147.3, 146.9, 146.75, 146.4
Key targets (Mid-term): 146.1, 145.75, 145.5, 145.2, 144.8, 144.2, 143.8, 143.2, 142.8, 142.2, 141.6, 141, 140.5, 140.0
Reason: USD/JPY is on verge of hitting 150 and above, BOJ will look to intervene. Short-mid term chart shows signs of temporary reversal is high with overbought signals. (RR ratio over 5)
TP: Based on key resistance/ support level
SL: Above 150.5, potential to go above 150.3 before crashing
Key targets (Short-term): 149.25, 148.8, 148.4, 147.7, 147.3, 146.9, 146.75, 146.4
Key targets (Mid-term): 146.1, 145.75, 145.5, 145.2, 144.8, 144.2, 143.8, 143.2, 142.8, 142.2, 141.6, 141, 140.5, 140.0
Trade closed: stop reached
Comment:
If you had a super safe stop loss from the place I mentioned to sell, you would be earning huge right now!