ProFX_Strategist
Short

USDJPY Intraday: Key Resistance At 101.25

FX:USDJPY   U.S. Dollar / Japanese Yen
66 0 5
Note(s):

Bearish AB = CD

In addition, this pair has also validated a bearish flag (& is right now showing quite a seemingly bearish looking structure confirmation for a Short).

We will see how this goes on coming Monday (& I will most probably take this trade).

All the best.
Regards.
Comment: Added the "triangular waves" leading up to this Bearish AB = CD

snapshot


Best regards.
Trade active
Comment: Trailing-Stop-Loss @ 100-pips has already been activated. This trade is now safe (as far as risk is concerned)...

Currently, I also have some other "scalping" trades going on in other pairs...

Regards.
Comment: Trailing-stop-loss modified to 150-pips (to give price action slightly more space for roaming); because I will now be leaving this trade alone.

Regards.
Comment: Trailing-stop-loss was taken out (with profit); so I Shorted it once again (for a scalping trade) & my new tight TP was hit just now.

Currently I'm just performing scalping on some pairs. (Market was very slow & ranging sideways; so I didn't expect much trending, & so the TP has been tight...)

Regards.
Comment: I'm seeing a strong BUY signal in the 30mins chart for now, so I reckon no more Shorts for now...

*The original target level has already been hit.

Regards.
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