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U.S. Dollar / Canadian Dollar
Short

USDJPY Short Entry (Feb 8)

73
CONFLUENCE
  • Retest of resistance turned support(more evident on 4HR TF)
  • Strong Bearish push
  • Long Wicks


Risk
  • 1% per trade
  • SL placed based on current market structure. Placed slightly below long wick of prev . candle.
  • Dynamic Stop loss. Stop loss will be removed based on market structure(Breaks of highs + Lows)


Reward
  • Reward based on market structure.


Psychology
  • I feel confident of my trade and analysis. I'll come back to update how it wentUSDJPY

SCARY18
Candlestick AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupport and ResistanceTrend Analysis

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.
Candlestick AnalysispriceactionpriceactionanalysispriceactionstrategypriceactiontradingSupport and ResistanceTrend Analysis
SCARY18

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.