ricky1270
Short

USDJPY Short Swing Trade Idea

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY
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Last week, we bought USDJPY and this morning we smashed TP hard.

Now is the time to start thinking about selling JPY pairs, we already have AUDJPY set for a sell, now we look to other JPY pairs. Since we are thought of AJ sell, think of NJ sell at the same time because of their close correlation in currencies.

Reason being, big banks and hedge funds have now gotten a chance to put in more sell orders and this will now induce strong bearish pressure for JPY pairs. As well we are seeing investors go to JPY as safe haven because of other economies being weak at this time.

Again, piggybacking off of previous USDJPY post.

We are gearing for a big drop .

Sell @ Market execution
SL: 30 pips
TP: 280 pips

Apply proper risk management because this will not smash out pips as quickly as GOLD did.

Til we meet again beloved!
Comment: Stop loss had been hit (-30 pips)
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