Short

Shorting USDJPY after a missed opportunity

Updated

I have seen the weakness in USD and strength in JPY during the ASIAN session. I wanted to enter a short a position at 114 but the price did not retraces back to that level. As a result, i missed that trade. Going into US session, it seems that USD continued to weaken against JPY. Therefore, I decided to take short trade at 113 level. Target is about 100 pips.

Trade closed manually

Closed USDJPY first at 50 pips profit. I will let GBPUSD Long continue to run.

Note

Reason I exited t 50 pips profit instead of the full 100 pips profit is because price has shown some rejection at the 112.6 level. If i dont close it, chances are it will hit breakeven. In my opinion, some profits are better than nothing.

Mytrader_FX

1. Binance registration
a) binance.com/?ref=11926638

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.