Hey everyone,
you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back!
Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode pretty much. Maybe we expect a peak to the range for another time and then a price break down. Otherwise it is below the larger trend line and could also break down from here. Lets see - the risk reward is in our favor.
you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back!
Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode pretty much. Maybe we expect a peak to the range for another time and then a price break down. Otherwise it is below the larger trend line and could also break down from here. Lets see - the risk reward is in our favor.
Trade closed: stop reached:
Got stopped out.
Comment:
Potential Setup for this one.
