U.S. Dollar / Japanese Yen
Short
Updated

Channel was broken and retested. I have opened shorts.

167
Look like there is fast and simple trade ahead of us. Just need a special attention cause many here are awaiting of 120+ level. RR analysis a mandatory! If you short as I do be very very carefully. Stop is so big here because I am awaiting of much more decline and don't plan to close short positions if this setup target will be reached.
Note
snapshot
Note
snapshot
Note
snapshot
Trade closed manually
Not a good dynamic right now. Need a special attention to the trade. I am closing it (temporary) and will be thinking of reopen short higher.
Trade active
Note
I still believe in this trade. However I have closed it and open shorts of AUDUSD. This trade has huge risk to be stopped out (116-122 is probable spike tomorrow) with the same time possibility to drop from current.

Could it be the best trade I ever had?
Note
I am closing it. Afraid we could be going till 119-122. However probability of complete this chart is high, so decide yourself.
Order cancelled
119-122, at least 117. But could be totally wrong in it. I prefer to stay out right now.
Order cancelled
Order cancelled
The dangerous asset. A rigorous risk management is mandatory.

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.