USD/JPY SHORT - Weekly Sup Break & Retest/Downtrend
I have taken out a very short term position on this pair, it has been downtrending, on the dily it has retested weekly resistance and should be going down, on the 4HR a shooting star candle was formed below the weekly resistance and a bearish candle after that, so it should continue its way al the way down to next hourly support and beyond, where my TP is.
TP @ 111.965
SL @ 112.492
R/R @ 2.14
TP @ 111.965
SL @ 112.492
R/R @ 2.14
Trade closed: target reached
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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.