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fiab
Feb 2, 2018 11:21 AM

USDJPY short term idea Short

U.S. Dollar/Japanese YenFXCM

Description

lower time frame rally looks to be limited and looking for next move down. Looking for short to target 1 and target 2 (green lines). Longer term this may continue for further downside.

Comment

target 1 reached

Trade closed: target reached

Comments
Emmanueljohn00295
NFP today, so movement may continue up for USDJPY
fiab
@Emmanueljohn00295, Absolutely, checking the US pairs and stalling in the same zone. If you've bought from the rally, keep you stops very tight and Goodluck!
BusinessInMotion
I dont "sink" that usd have enough steam to hit so high! USD is basically toilet paper vs JPY!
fiab
@BusinessInMotion, "sink" nice :)
i don't focus too much on the price (maybe that's where i go wrong!), more so the patterns and fibs for action areas. If we are going down further this is a nice area to get in at!
BusinessInMotion
@fiab, looking too for an entry level to sink the dollar further down the road! You have a correct analysis and gonna follow you & your work! Nick
fiab
@BusinessInMotion, Thanks for being my 1st follower! Wherever you enter, keep your stops tight, NFP today! Any idea how I can move a private idea into public as I reached my limit... was for gold
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