Lightwork_

USDJPY Short 1.4:1 RR

Short
Lightwork_ Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Clean trade developing. Very good 1H candle before (a clean high-test).
Will see how it goes. There are some risks that we must be aware of to be able to exit early if necessary.
Trade active:
In.

Comment:
Waiting for this 15M candle close.

Comment:
15M pattern line drawn through O&C prices is our line in the sand.
Comment:
Closed right on the line, but the volume is very low. Still holding, although being a bit wary for possible early close around here.

Comment:
Running well. Some levels in the way that must be smashed ti have confidence. If these levels are rejected instead - we're out early.

Comment:
Still holding.

Comment:
We get a close below this dotted line - we're moving stop to reduce risk. This is our checkpoint.

Comment:
Moved stop to 144.772. Reduced risk from -1 to -0.23. 4 times. Clean.

Comment:
15M candle closed bearish, but still above levels. Not ideal, but not bad either. Keep holding.

Comment:
Good 4M close. Keep holding.

Comment:
Moving stop to BE to 144.743. No risk anymore.

Comment:
Good 15M close. Keep holding.

Comment:
Running well, keep holding.

Comment:
Still holding.

Comment:
15M might be retesting the levels from below to continue going down. Will see. Stop is at BE anyhow.

Comment:
Good 15M candle close.

Comment:
Amazing 4M close. Survived on the stop. Waiting further and holding.

Trade closed: target reached:
tapped target. Clean. +1.20.


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.