U.S. Dollar / Japanese Yen

Short

UJ short scalp triggered

Updated

Looks like a blow off top, Stochs ready to turn down, pulled the trigger on a small position, might add later

Note

Stop loss hit. Oh well, was a hedge against my EU short and UC longs.

snapshot

Note

Shorted again, based on the behavior at this Fib extension of 4.618

snapshot

Note

The reason I am so keen on shorting UJ is because of this Red Line of Doom:

USDJPY, Fibonacci, and the Magical 110.025

If it breaks it, then I will long the retrace

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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.