USDJPY has been trading in a very tight range (like XAUUSD, which are always going opposite ways btw). UJ couldn't break through that 0.618 which is also a weekly resistance for this pair making this short a very good one RR trade.
I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel.
Trade safe!
I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel.
Trade safe!
Comment:
I forgot to add to my chart : The first retest isn't the bottom of the channel but rather the blue order block when the arrow points to.
Comment:
I moved my SL to 112.636 so the trade is still active.
Trade closed: stop reached:
USDJPY found the way to push through!
We had a good RR so we are still in profit for the month!
We had a good RR so we are still in profit for the month!