U.S. Dollar / Japanese Yen
Short
Updated

UJ short scalp triggered

248
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

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.