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FARDUN_RUMON
Apr 7, 2020 8:23 AM

USDJPY SELL Short

U.S. Dollar/Japanese YenFXCM

Description

THIS IS A TECHNICAL SETUP.
H4 TIMEFRAME - USDJPY IN A CLEAR DOWNTREND
H1 TIMEFRAME - HAS BROKEN THE UPWARD CORRECTION CHANNEL. I AM EXPECTING THE USDJPY TO FALL RIGHT NOW.


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I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.

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Trade active

Comment

close in break-even

Trade closed manually

Comments
BeginnerTrader93
Support at 108.630
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