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Trading Journey - Trade #7: Short USDJPY
U.S. Dollar / Japanese Yen
Short
Trading Journey - Trade #7: Short USDJPY
By Technician
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Updated
Mar 26, 2019
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Mar 25, 2019
Shorted two orders USDJPY at 110.17
TP1 109.57
TP2 108.57
S.L 110.55
Average Risk/Reward: 2.89
Risk of capital for trade: 1.5%
- Breakout below key support among 110.25-110.35
- 50 days simple moving average breakout
- Broadening rising wedge breakout on the daily chart
Mar 26, 2019
Trade closed: stop reached
Profit= -1.5% of capital.
Accumulated Profit After trade = +2.232%- 1.5% = +0.732%
Trend Analysis
Technician
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