Lightwork_

USDJPY Short 1.4:1 RR

Short
Lightwork_ Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Another leg of this move as price broke nicely to our previous trade's target.
Orders are set at 139.239 with a 11 pip stop.
Will see how it goes.

With this one we will need to be very cautious for an early exit. Pretty much a fast-paced trade. Either goes immediately to the target, or we're out for little loss.
Comment:
Still pulling back.
Trade active:
We are in. But most likely we'll just get out very fast for a quick loss. Waiting for a 4M candle close.

Comment:
Holding another 4 minutes
Comment:
Still holding. We need a push to the downside. For early exit we need a close above 4M200EMA.

Comment:
Good close. Still waiting.
Comment:
Moved stop to 139.280. Removing risk quickly.

Comment:
Good 15M close. Still holding.

Comment:
Still running.

Trade closed: target reached:
Tapped +1.4.
Great trade and great management.
EURUSD still running. 7 minutes till end of session, likely no other trades will pop up.

Lightwork Trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.