USDJPY - SHORT
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
What are we waiting for to happen?
- Watch for price to move lower and create a correction
What is our confirmation?
- Break of WFB trendline once there's a correction
Entry
Safe entry: rejection of structure and break of WFB
Risk Entry 1: Rejection of structure
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 112
- Second TP: 111
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
What are we waiting for to happen?
- Watch for price to move lower and create a correction
What is our confirmation?
- Break of WFB trendline once there's a correction
Entry
Safe entry: rejection of structure and break of WFB
Risk Entry 1: Rejection of structure
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 112
- Second TP: 111
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.
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.