As mentioned last week, as long as USDJPY didn't break and close above 106.01, we are looking for that shorting opportunity. Traders who caught that and developed their trading opportunity would have gained 75pips(750USD/lot) or at least 62pips(620USD/lot) of running profit at this moment.
If you had not engaged in the trade, a retracement back to 105.62 would give you an opportunity to engage the shorting opportunity.
As long as the market didn't break and close above 105.68, it is good.
If you had not engaged in the trade, a retracement back to 105.62 would give you an opportunity to engage the shorting opportunity.
As long as the market didn't break and close above 105.68, it is good.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
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.