This would be the third time USDJPY getting resisted by the 114.30/50 level resistance.
Broke below the up sloping support TL.
Taking a short and the correct way would be to place the stops above the highs at the resistance zone.
The first target can be at the minor support level at 111.50/70 level. Stretched target can be at lows of 108.50
Broke below the up sloping support TL.
Taking a short and the correct way would be to place the stops above the highs at the resistance zone.
The first target can be at the minor support level at 111.50/70 level. Stretched target can be at lows of 108.50
Handel aktiv:
I was up >50pips but now back to slightly out of the money.
Tightened my SL to 113.588. If this reverses higher, I will be out with a 50pips loss
Tightened my SL to 113.588. If this reverses higher, I will be out with a 50pips loss
Handel aktiv:
It's the end of my trading week here in Singapore. Right before switching off my computer. Here is the update for this trade.
Currently up close to +80 pips. Moved my SL to breakeven. Trade is now a risk free trade. Looking at 111.80 support as the first target
Currently up close to +80 pips. Moved my SL to breakeven. Trade is now a risk free trade. Looking at 111.80 support as the first target
Trade stängt manuellt:
Closed trade manually with +98pips profits. Will look to re-enter the short next week