Get started
U.S. Dollar / Japanese Yen
Short

time to SHORT UJ

By WalterWhitesMoney
Updated
Approaching a great area to try a short with a double top possibly coming, other technicals are exhausted and due for a pull back.
Note
we are starting to see some profit taking and a pullback as we had planned, watching now for a break below 114 and 113.70 to confirm
Note
made the first break, now watch 112.9X after this, great progress thus far looking for 112.2X next
Note
we have now broken the 112.9x https://arhttps://www.tradingview.com/x/MSwv8gxq/
ea and test the 112.5X area keep short 1st tgt hit
Note
snapshot
Note
we've made some good progress and are hovering at the 112.5x area of resistance/support. MACD has now crossed giving us the bearish sell signal. Watching for a break of 112.50 to see sub 112.00

snapshot
Note
we have now broken cleanly from 112.5X area.
Note
closed short on trailing stop 111.00 awaiting relief bounce for re-entry
Note
closed my remaining position, noticed that we may have some new support on this TL, might get a shortable bounce or reversal soon

snapshot
Trade closed manually
closed all my trades, the set up is now signalling a long to me so I am out of the short and evaluating the situation 1st of 2 tgts hit overall pretty good trade
DXYTechnical IndicatorsTrend AnalysisUSDJPYusdjpyshortXAUUSD
WalterWhitesMoney

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.