SHORT on USD/JPY 12-26-21
USD/JPY has a upward channel on the weekly and daily and is currently at a resistance zone that it has not been able to brake since oct 2017, I am expecting price to drop from the resistance zone at least 400-500 pips and even more long term.
Here is the trade I will be taking on this pair:
ORDER TYPE = SELL STOP
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 114.071
STOP LOSS = 114.571 - 50 PIPS / $5 LOSS
TAKE PROFIT = 109.343 - 472 PIPS / $47.20 GAIN
Here is the trade I will be taking on this pair:
ORDER TYPE = SELL STOP
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 114.071
STOP LOSS = 114.571 - 50 PIPS / $5 LOSS
TAKE PROFIT = 109.343 - 472 PIPS / $47.20 GAIN
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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.