Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
USDJPY Trade Idea
U.S. Dollar / Japanese Yen
Short
USDJPY Trade Idea
By Cmasterza
Follow
Follow
Apr 12, 2019
3
Cheer
Cheer
Apr 12, 2019
Price is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal.
Conservative traders will wait for confirmation (bearish candle)
Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so
I am in short @ market price 111.952 and
SL above the high @ 112.227 and
TP at support lower down (and the next if the market keeps paying) @ 111.346
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
Candlestick Analysis
cmasterza
profitfx
profitfxza
Support and Resistance
USDJPY
usdjpyshort
usdjpytrade
Cmasterza
Follow
Follow
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
.