USDJPY Trade Idea Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 11, 2022 5:34 PM

A fakeout (false breakout) signalled by a bearish harami candlestick pattern just above the 125.402 horizontal resistance level has just provided a selling opportunity for the USDJPY currency pair. A reward-to-risk ratio of above 4.00 is possible with stop loss at 126.005 and target at 123.531.

Comments

zAngus

⋅ Apr 12, 2022 5:45 AM

Thanks and good work on posting your first chart. We hope it was a fun learning experience. Hope you get rich :)
From mod @zAngus

charles-okoukoni

⋅ Apr 12, 2022 5:44 PM

@zAngus, You're welcome! Thanks for the kind words! The learning experience was insightful and I really do hope to get rich trading...