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angieh
May 30, 2023 6:13 AM

SHORT - USDJPY (D) (30 May 2023) Short

US Dollar vs Japanese YenPepperstone

Description

Position Trade - USDJPY

In the Monthly Chart,
- Price is showing exhaustion after rallying and is in correcting itself back to the Supply zone
- Hence, there are aplenty of SHORT opportunities in the lower TFs
- Also, if one place a trade from the FRESH MN area, do prepare to hold for a long time.
- The chart candles formed are also good and strong ones, compared to the MESS to the left of the chart


A pending SELL limit order has been placed on the Monthly chart on 30 May 2023

In the Weekly Chart,
- For smaller risk, find the zone to sell from


In the Daily Chart,
- There are 2 zones to sell from

Comment

Pending SELL orders have been placed

Trade active

this trade will be closed once market opens, and a new analysis will be done for this pair.
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