USD is in bullish, which means all other weak currencies should be bearish. As you can see in the chart of USDJPY weekly open is holding as a support. once it breaks this support and holds it as a resistance, I will short it with this confirmation, and put stop loss at previous candle high. And tp would be current year mid.
I will keep you updated with all my trades.
Trade active
Seems like USDJPY is strong for now. let's wait and see. DXY is still bullish
Trade closed: stop reached
Guys stop loss, took L on this, wait for this trade, if it gets back under again, I will short it again.
🟡 Disclaimer: Not financial advice. For educational purposes only.
Also on:
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.