Hello, this is the video walkthrough on the USDJPY short idea that I posted 7 hours earlier. Price has since moved down so you would either scale in your short position, or do this on a smaller size based on your risk management. But definitely for this idea, the invalidation point, and thus the stop loss, will be if price moves above the wave Y high.
Good luck!
Good luck!
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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.