Potential downside on USDJPY
Updated
Looks like we might get a good trade to short USDJPY.
The 4 hourly timeframe is in a bearish trend and this can be a good continuation trade.
I would wait for the price to touch the sell zone to enter short.
Entry - 141.5
Stop - 142.2 (I would like to see a 2 hr close above this level to close the position)
First target - 140
Final target - 138.5
Please let me know your inputs. Happy trading!
The 4 hourly timeframe is in a bearish trend and this can be a good continuation trade.
I would wait for the price to touch the sell zone to enter short.
Entry - 141.5
Stop - 142.2 (I would like to see a 2 hr close above this level to close the position)
First target - 140
Final target - 138.5
Please let me know your inputs. Happy trading!
Trade active
Our limit sell order was triggered!Trade closed: stop reached
Stoploss was triggered. Closed this trade for a loss. This was an unsuccessful trade
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