USDJPY potential day trade Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Mar 15, 2017 9:14 AM

Yesterday we sold EURJPY successfully and today I'm looking at the Yen pairs once again. I like how the USDJPY is lining up.
Keep in mind FOMC is on the agenda later today in the US trading session. This most likely increases volatility. So timing is key like always but even more in days like these.

Note: this is a potential day trade based on short term structure.

Comment

⋅ Mar 15, 2017 8:29 PM

Comments

sakseeda007

⋅ Mar 16, 2017 6:16 AM

Nice setup Tim !!!

LukaszWicinski

⋅ Mar 15, 2017 7:41 PM

JessicaPearl

⋅ Mar 19, 2017 5:05 PM

Good stuff. Appears structure is still valid

TimStuyts

⋅ Mar 20, 2017 6:44 AM

@JessicaPearl, Yes the trade was a possibility to get into the bigger trade as well. Now we have to focus on what's next by means of my latest Yen post.