27 - July - 2021
USD JPY SHORT
Trade it based on what market will do next hours
I used 100 MA and 3 MA to define the trend on daily chart.
I used fibs from lowest point after trend changed to see the levels
On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change .
Bearish scenario :
I aim for the lowest price of the month
If current 4 H candle will close under 110.000 I will go short using following entry price, stop and TP
I will entry at 109.980
My SL is @110.230 that's 250 Pips lose
My final TP is @ 109.083, that's a 897 Pips gain
Overall I have 3.59 R/R
After price hit at least 1-1 R/R, I move SL to entry point so I will limit any kind of loses.
USD JPY SHORT
Trade it based on what market will do next hours
I used 100 MA and 3 MA to define the trend on daily chart.
I used fibs from lowest point after trend changed to see the levels
On daily/ weekly/ monthly chart I identify " Bearish Harami " that indicate me a possibility of trend change .
Bearish scenario :
I aim for the lowest price of the month
If current 4 H candle will close under 110.000 I will go short using following entry price, stop and TP
I will entry at 109.980
My SL is @110.230 that's 250 Pips lose
My final TP is @ 109.083, that's a 897 Pips gain
Overall I have 3.59 R/R
After price hit at least 1-1 R/R, I move SL to entry point so I will limit any kind of loses.
Trade active
Note
Move STOP LOSS to entry point, already got 180-200 pips profit or close half of the trade and let the winning trade do his job !For any details please contact me
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.
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.