USD JPY TF H4 16.06.20 Short
USD JPY H4
Sell 107.150
SL 107.725 (Loss 54 Dollar)
TP 106 (profit 108 Dollar)
Reason to sell:
1. Down trend.
2. Rising wedge
3. Stoch overbough
4 The Fed new stimulus
Reason to doubt:
1. Rising wedge not broken
2. No supporting candle stick
3. No Fibo and resistance area (marked by olive line)
4. No MACD Divergence.
5. Japan does not like their currency to be strong.
I much prefer price to go higher around resistance area for me to sell at better price.
Risk to reward 1:2.
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell 107.150
SL 107.725 (Loss 54 Dollar)
TP 106 (profit 108 Dollar)
Reason to sell:
1. Down trend.
2. Rising wedge
3. Stoch overbough
4 The Fed new stimulus
Reason to doubt:
1. Rising wedge not broken
2. No supporting candle stick
3. No Fibo and resistance area (marked by olive line)
4. No MACD Divergence.
5. Japan does not like their currency to be strong.
I much prefer price to go higher around resistance area for me to sell at better price.
Risk to reward 1:2.
Disclaimer on
Please use proper money management; may the Pips be with you :)
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.