For me, all JPY pairs are high, a lot of pairs have already plummet excepted GBPJPY so it has better risk reward.
Also a big pin bar as formed and it's a price action signal I like to trade.
Also a big pin bar as formed and it's a price action signal I like to trade.
Note
Today, all JPY pairs have plummet as expected but, GBPJPY is back to 0%.I think a lot of institutions have been liquidated that created this big pullback but, JPY pairs still have odds to plummet.
if you check JPY currency index (mataf.net/fr/forex/tools/currency-index). it began to go higher.
Note
As expected, JPY pairs have plummet. I also had a short on EURJPY which already hit my tp, I opened it just yesterday. EUR has been weakerEURJPY short trade (R3 - tp reached)
entry: 144.06
sl: 145.23
tp: 140.48
I'm still in GBPJPY, I will probably move my stop to breakeven
Trade closed manually
Closed at 2Rclose price: 158.7
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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.