USDJPY H4 Short
USDJPY - H4
Limit Sell 111.650
Stop Loss 111.900 (25pips)
Take Profit 111.000 (165pips)
R:R 6.6
USDJPY has show exhaustion after a final push up due to positive USD news. We have reached the 78.6 zone are into the trade as price has hit the Limit Sell. RSI 7 & Stock (5,3,3) both confirm the pair is at its overbought zone and in need of a new leg down.
Stop Loss is placed above the 88.6 to avoid stop hunts.The Take Profit is placed at 110.000, a strong psychological number for a moderate 165pips.
Best Of Luck,
Centurion Forex
Limit Sell 111.650
Stop Loss 111.900 (25pips)
Take Profit 111.000 (165pips)
R:R 6.6
USDJPY has show exhaustion after a final push up due to positive USD news. We have reached the 78.6 zone are into the trade as price has hit the Limit Sell. RSI 7 & Stock (5,3,3) both confirm the pair is at its overbought zone and in need of a new leg down.
Stop Loss is placed above the 88.6 to avoid stop hunts.The Take Profit is placed at 110.000, a strong psychological number for a moderate 165pips.
Best Of Luck,
Centurion Forex
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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.
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.