USDJPY-SELL
USDJPY - Sell - Daily ChartUSDJPY - Sell - Daily Chart
Sell @ Current Price approx 105.105
Sell @ Pull back to approx 105.320
Major Resistance level @ 105.000 may pull back for a better entry
Take Profit @ 103.600
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USDJPY short 100pipsGoing short here after a fake breakout of this down-trend and price failling to stay above 105.50.
First entry here at 105.32
SL 105.65
TP 104.32
Possible first target around 104.80!
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Have a great day everyone!
USDJPY - SELL OPPORTUNITYLooking to SELL USDJPY in SELL AREA and to close position in TP AREA (50 PIPS)
Entry Criteria:
- Do not trade if price breaks through sell area with bullish momentum and close
- Execute on signs of reversal, exhaustion candles, price action in sell area
- Apply appropriate risk management according to what suits your trading style
Trade at your own risk!
USDJPY SELLHello trader! We can see inverted Hammer at top and we also have a resistance and in different timeframe we have engulfing patterns. So we are selling USDJPY.
Target is set using my Monkey Fist technique.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Trade 1 - USDJPY; Short (pending)Looking to play the next leg down on USDJPY if we can get another touch of resistance turned support for an entry, with a 25 pip SL at 0.5% risk offering a 6:1 RR for the final target.
Reasons for the trade:
1. Downtrend in the market, albeit slowing/sideways movement of recent days.
2. Support has recently been broken and re-tested once, looking to short if we get another touch of resistance.
3. Dollar weakness is slowly creeping in across the board, although the FED are propping up what they can, it seems like the market is turning over, looking to get on the downside momentum.
USDJPY A Great Selling OpportunityTrade Proposal:
There is a probability of first tp to the proposed (107.998) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
USDJPY is in Downtrend and It is Expected to Continue Downtrend.
Objectives:
TP1 = 107.998