ShirokiHeishi
Short

Looking to test the Kijun-sen as profit taking ensues

FX:USDJPY   U.S. Dollar / Japanese Yen
99 3 7
Notes on chart, these are just my thoughts as I do not as a rule trade the Yen real often.
Comment: Yeah, I think I would be short here, WPR(9) is overbought as price entered the 110.667-113.589 zone (arguably support turned resistance) while volume seems exhausted.
Comment: That was pretty fast and violent, tighten stoplosses and exit if touched or target reached of 107.90
Trade closed: target reached: We hit the initial target price of 107.90 today...I am happy with this and am out, as I do not stay in yen trades too long no matter what.
Great call

Great Job
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ShirokiHeishi Ichimoku_Trader
Thanks, that actually means a lot coming from you. You are an inspiring trader.
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Ichimoku_Trader ShirokiHeishi
wow

Thank you for the compliment.
I loved your chart and i hope to see you do more. I'm sure you will be great at it.

Good luck
Reply
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