The peak for this pair was around 160+ in Jun 2024 and it falls to a lower high to 157 on Jan 25.
From here onwards, it has gone south in direction with the red bearish trend line remaining intact.
A fake bullish candle on 12 May 25 took many traders by surprise and killed many shortists, including me, not once but twice.
Now on the 4H chart, I present you 2 shorting opportunity with relatively good risk rewards ratio. The first one should touch the green bullish trend line and break down. Thereafter, we should witness it going down to around 142.90 level.
Ideally, it should comes to the 140 support price level but let's take one step at a time.......
As usual , please DYODD
(Warning - This pair though liquid is volatile and may not suit beginners who want a peaceful night sleep. Your profits can quickly turn back to losses and vice versa within the days. Patience required and a strong heart)
From here onwards, it has gone south in direction with the red bearish trend line remaining intact.
A fake bullish candle on 12 May 25 took many traders by surprise and killed many shortists, including me, not once but twice.
Now on the 4H chart, I present you 2 shorting opportunity with relatively good risk rewards ratio. The first one should touch the green bullish trend line and break down. Thereafter, we should witness it going down to around 142.90 level.
Ideally, it should comes to the 140 support price level but let's take one step at a time.......
As usual , please DYODD
(Warning - This pair though liquid is volatile and may not suit beginners who want a peaceful night sleep. Your profits can quickly turn back to losses and vice versa within the days. Patience required and a strong heart)
Note
cnbc.com/2025/05/16/japan-stocks-bonds-saw-record-inflows-in-april-but-this-may-not-last.htmlThis should accelerate the pace of buying YEN
Trade active
we are taking partial profits and adjusting SL to breakeven and continue to trade setup 2Note
Praise God , we are 3/4 towards our target, hang in there guys !Trade closed: target reached
Praise God, congrats to all
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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.