USDJPY Short
Updated
Was initially waiting for it to break resistance and test as support but didn't place trade due to FOMC and had a bias on the dollar weakening (which worked in my favour). Now we can see that there was a fake-out (banks accumulating most of the positions now) and price will be looking to go down to at least the 107 area.
NOTE: analysis has been simplified for leverage. This is not a signal - it is a journal for me to see how trades will play out.
NOTE: analysis has been simplified for leverage. This is not a signal - it is a journal for me to see how trades will play out.
Comment
CADJPYTrade active
Trade closed manually
Closed at BE
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