UPDATE ON USD/JPY SHORTS
USD/JPY 30M - As you can see price has played out beautifully overnight providing us with deeper profits on the short positions we could have looked to have placed from the Supply Zone given.
With us break the last low that was set in the market price is confirming more to us that it is printing clear bearish structure, providing us with lower highs and lower lows.
This trade is currently running + 198 pips. (+ 10%) 10RR
I believe now the high set where we entered in from initially above is now protected and we shouldn't see a break in that should the bearishness continue. What should follow is a new lower high.
If you are yet to get involved in this market I will have a look for some potential trading opportunities for you all and post them separately to this update. Any questions with regards to this drop me a message or comment below!
With us break the last low that was set in the market price is confirming more to us that it is printing clear bearish structure, providing us with lower highs and lower lows.
This trade is currently running + 198 pips. (+ 10%) 10RR
I believe now the high set where we entered in from initially above is now protected and we shouldn't see a break in that should the bearishness continue. What should follow is a new lower high.
If you are yet to get involved in this market I will have a look for some potential trading opportunities for you all and post them separately to this update. Any questions with regards to this drop me a message or comment below!
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