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Hellena_Trade
May 24, 2023 9:54 PM

Hellena | USD/JPY: Short idea from Channel Short

U.S. Dollar/Japanese YenFXCM

Description

At the moment, the price has approached the upper resistance line of the channel, and I am anticipating the formation of a pattern between the range of 140.5 and 139.5, in order to open a short position

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment

Dear colleagues, the price is moving according to our plan. I would like to remind you that we are waiting for a strong pattern and entering a short position.

Comment

Dear colleagues, next week I am expecting a pattern for entering a short position! It is possible that the price will touch the level of 142!

Comment

The price confidently reacted to the resistance line, but it may not be the end of the uptrend! I've been waiting for a breakout of the line and a new high all week, as there are a lot of option contracts accumulated there! Nonetheless, our target is still within the range of 133.8!
Comments
adetayoadefolarin3
I entered a short Already way too early,am desperately waiting for d sells to take over the trend
Hellena_Trade
@adetayoadefolarin3, You are not the only one who entered like that :) The most important thing is that the position size is not too big for your account... be mindful of the risks!
samuraixx
looks pretty good. im waiting for a sell too
Hellena_Trade
@samuraixx, Great!
Hellena_Trade
Please share your thoughts in the comments! I would be glad to hear what you think about this idea!
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