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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY intraday Short setup

625
USDJPY been a nice mover from past few sessions, price action is struggling at the moment, momentum is weakening across short term time frames as well, so i am looking for short setups here, not expecting much pips but still there is scope for 30-40 pips.

Trade Safe!
Thanks for your support.
Trade active
snapshot Watch the top for a reversal-since we have FOMC in 15m, trade safe! target looking 113.68
Note
Quite often at the time events like FOMC we see whipsaws, so it is possible that market spikes up first and then start reversing, so in that case i will be putting my stops at the high of the spike, or 114.20 if my idea doesn't play out.
Trade closed: target reached
snapshot What a lovely trade!
Trade closed: target reached
snapshot Trade Banked, though still i see it got potential for more downside, but anyway thanks for your support.
UmarAbdurRehman
Also on:
Chart PatternsTechnical IndicatorsTrend AnalysisUSDJPYusdjpy1hrusdjpyanalysisusdjpydailyusdjpyforecastusdjpyideausdjpysellusdjpyshort

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Chart PatternsTechnical IndicatorsTrend AnalysisUSDJPYusdjpy1hrusdjpyanalysisusdjpydailyusdjpyforecastusdjpyideausdjpysellusdjpyshort
UmarAbdurRehman
Also on:

Related publications

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.