USDJPY
USDJPY at a break or make level. A very clear triangle formation finished above 113+. I expect a drop towards 110.
I am inclined to short and hold at this level. Stochastics on daily is overbought. Even though stochastics can stay overbought for
a longer period of time, my EMA50/100 is somewhat flat which makes me believe that any breakout will be shortlived.
If price breaks out and stays above 113, I will hedge the positions.
I am inclined to short and hold at this level. Stochastics on daily is overbought. Even though stochastics can stay overbought for
a longer period of time, my EMA50/100 is somewhat flat which makes me believe that any breakout will be shortlived.
If price breaks out and stays above 113, I will hedge the positions.
Note
Some quick pips profit grab on UJ short. Awesome! Every retracement is a SELL for now in my playbook.Note
Another short reentered at 113.50. In green and I jntend to hold. This pair not moving as fast as I anticipated but I believe that the market will come as analyzed. T1: 112.25Ultimate target 109.50
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