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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY short 1:1 RR Day-trade

92
Both EURUSD and USDJPY are offering a trade. Whatever gets triggered first - the other will be removed.
Let's see how it goes.
Trade active
Tapped in.
snapshot
Note
Not good 4M close. Ideally we get a push down asap. If not - we'll be looking for an early close.

snapshot
Note
Running well. Moved stop to 137.285

snapshot
Note
Running well.
snapshot
Note
Moving stop to 137.230 - effectively breakeven.

Worst case: +0
Best cane: +1.

Love it.
Trade closed: stop reached
Closed for Breakeven.
Note
May turn around from here, but definitely not a fan of price turning around into a loss from that area.

snapshot
Note
Breakeven somewhat paid off this time.
Price got to the level of a previous stop-moving area - tapped it and turned around.
In this case if we haven't moved stop at all - we'd get some profit. But in moving stop twice we actually did save 0.5.
All in all a good decision nevertheless. All good.

snapshot
Lightwork_
Lightwork Trading
Also on:
Multiple Time Frame Analysis

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.
Multiple Time Frame Analysis
Lightwork_
Lightwork Trading
Also on:

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.