Short position placed on USD/JPY
Updated
4hr price action showing a doji and a curve in candles
Stochastic showing the market is overbought and now %% lines are facing towards the momentum range
TP just above the 200 SMA on 4hr
However, 1Day SMA the price is running underneath the 200day SMA suggesting the overall trend is bearish
Entry - 104.237
SL - 104.254
TP - 103.725
Stochastic showing the market is overbought and now %% lines are facing towards the momentum range
TP just above the 200 SMA on 4hr
However, 1Day SMA the price is running underneath the 200day SMA suggesting the overall trend is bearish
Entry - 104.237
SL - 104.254
TP - 103.725
Trade closed: stop reached
That got real - real quick...
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