fxstudent299
Short

Short USDJPY – looking for best short entry, TP 116.05

FX:USDJPY   U.S. Dollar / Japanese Yen
Trading idea on 4h chart:
Short USDJPY             – looking for best short entry after NFP volatility

- After last Friday’s volatility , which was positive for USD on the first glance, but ended to be negative
for the USDJPY             pair, I am looking to get short with the final target at about 116.00-116.20
- I like to rejoin the trend, which is down for me now (on 4h chart), on a retracement and a pin bar of
the time frame 1 level below the time frame, which I use to determine the major trend
- here it would be the 1h chart, which gives me the entry signal
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1. There are 2 scenarios for me (see my notations in the chart), so need to wait and see

2. If stoped out (should be a really small lose there), I would get another short position at about 119.50 (again on the close of a pin bar on 1h chart) with a SL 120.10 and still going still for the TP 116.05
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Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Good view!!, i like the idea and time line, it could happen before the 20th.
Reply
- in short trade since 119.11 (see coment about "...if price goes below 119.12)
- SL moved to 118.70
- TP still 116.05
- if we fall under 118.10 there might be a FAST fall to 117.30-117.60, if it is really FAST (within 1-2 hours), there is a high chance for a rebound to 117.90-118.10 (so might close half position on a FAST fall and rejoin at 118.00)
+1 Reply
jangseohee fxstudent299
Jpn 5yr treasury bond drop to 0!
A couple more days to 116.05 :-)
Reply
what does a decline in treasury bond means?
Reply
jangseohee HamedAghajani
there use to be an inverse relationship between bond and stock, but now it has been mixed, so in actual, i am not sure whether decline in treasury bond will see increase in stock or not
Reply
Sounds like good deal
Reply
- first try to short, if price goes under 119.12 with SL at 119.37
Reply
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