USDJPY 105.976 - 0.06 % SHORT IDEA * REVERSAL PATTERN AND PRICE
HELLO EVERYONE
Hope everyone is doing good having a good day in the markets, Here's a look at the DOLLAR / YEN from a 4H chart the pair has been trading in an ascending channel that saw couple of rejections at the roof of structure.
# Sustained USD buying pushed USD/JPY to five-month tops.
# The recent rally in the US bond yields continued to underpin the greenback.
# Upbeat US Retail Sales data remained supportive of the pair’s positive move.
# The USD/JPY pair edged higher during the early North American session and climbed back to five-month tops, around the 106.20-25 region in the last hour.
Should the structure hold we'll be net short on the pair looking for reversal patterns.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope everyone is doing good having a good day in the markets, Here's a look at the DOLLAR / YEN from a 4H chart the pair has been trading in an ascending channel that saw couple of rejections at the roof of structure.
# Sustained USD buying pushed USD/JPY to five-month tops.
# The recent rally in the US bond yields continued to underpin the greenback.
# Upbeat US Retail Sales data remained supportive of the pair’s positive move.
# The USD/JPY pair edged higher during the early North American session and climbed back to five-month tops, around the 106.20-25 region in the last hour.
Should the structure hold we'll be net short on the pair looking for reversal patterns.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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