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Inorogu
Sep 7, 2022 2:49 PM

Swing short USDJPY Short

U.S. Dollar/Japanese YenFXCM

Description

Okay...so we got stopped on the last ideas as we did not expect the dollar to roar like this. Its okay, we reasses . Right now we hit the 61.8% fibo extension. If you are into a swing trade this is it... we are betting on some bad US data and CPI next week. If there is a top 147 area is the top and we will build shorts up until there. If this was the top...we will be looking to add to shorts when we form some market structure that has some clear pattern. we wish you good luck into this trade and take care. The reversal will be brutal as the dollar is hyperxtended and most of the majors are at historical lows.
Comments
kunj035
you think it can drop all the way down until 123.50-124 in 2 months?
Inorogu
@kunj035, why not? Reversals are usually quite brutal. But time will tell. Its all about patience
igweanyibadavid
no dey short usdxxx pairs bro
Inorogu
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