USDJPY Quick Day-trade 1:1 RR

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Multiple Time Frame Analysis

mtfa

Yesterday was an OK day. Trying to pick it up good trades today.
In this one.

Trade active:

Running good so far.

Comment:

Very nice close.

snapshot

Comment:

This is a 4M chart. The trend-line represents a 15M line drawn through O&C prices.
Moved stop to 137.285. Reducing risk. We may get a bounce up from here.

snapshot

Trade closed: stop reached:

Stop reached at -0.38.
All good. Let's see what price does next.

snapshot

Comment:

Pretty bad close nevertheless. Wouldn't want to be in that position at that point.

Moving stop pays.

snapshot

Comment:

That's precisely why we do what we do.
Taking good trades and making good decisions after that.
Good =/= immediate profits.

snapshot

Comment:

On to the next one.

Lightwork_

Lightwork Trading

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.