U.S. Dollar / Japanese Yen
Short
Updated

The trend is more important than the exact high to short

142
Catching the precise high to short is a tough game. I prefer to leave this to the expert. In the day chart, we have a nice bearish candle and here in the 1H chart, you can see my short position is more than halfway from the exact fall (coz I really can't predict the market movement).

So, I have two targets for those keen to short, the 2nd one upon breaking down from the bullish trend line.

Again, I stressed the volatility of this pair so if you cannot stomach it, it is better to go for my EURUSD pair. See next chart.
Trade active
2nd trade set up active as it has breached the bullish trend line
Note
took 50% profits adjust SL
Note
haha, one follower pm and said he did not take 50% profit and now he sees his profit dwindling and may be wipe out......i did warn that this is a volatile pair
Trade closed: target reached

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