USDJPY Short, RR 1 : 2.2
Updated
USDJPY Daily candle closed bearish last Friday rebounding away from resistance of 114.20, expecting some further downside.
Reason :
- Strong resistance area on 114.20.
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : 113.50 area ; TP1 : 112.70, TP2 : 112.20 ; SL around previous D1 candle high 114.15 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong resistance area on 114.20.
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : 113.50 area ; TP1 : 112.70, TP2 : 112.20 ; SL around previous D1 candle high 114.15 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active
Entered my Short position at CMP 113.60, placing a SELL limit on 113.85-90 area if price go up further.Trade active
This pair is testing some patient over here, trade still holding. Be patient and good luck all traders !
Comment
TP1 : 112.70 HIT ! 90pips+ gain, patient payout ~Strong bearish daily candle closing, awaiting further downside to TP2.
Trade closed: target reached
Hit 112.25 low, closed all my position. A great call on this pair, happy profit for those who followed.
Comment
TP2 : 112.20 hit. Next landing point - 119.90
Comment
111.90* hit!If today's daily candle closing below 111.80, next target area will be 111.10.
Comment
110.50 low hit ! A totalling of 300pips straight down on my call, PATIENT is the key.
Comment
New idea posted : 
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.