USD/JPY SHORT IDEA (SHORT-MID TERM)
Idea: Short around 149.9 - 150.2
Reason: USD/JPY is on verge of hitting 150 and above, BOJ will look to intervene. Short-mid term chart shows signs of temporary reversal is high with overbought signals. (RR ratio over 5)
TP: Based on key resistance/ support level
SL: Above 150.5, potential to go above 150.3 before crashing
Key targets (Short-term): 149.25, 148.8, 148.4, 147.7, 147.3, 146.9, 146.75, 146.4
Key targets (Mid-term): 146.1, 145.75, 145.5, 145.2, 144.8, 144.2, 143.8, 143.2, 142.8, 142.2, 141.6, 141, 140.5, 140.0
Reason: USD/JPY is on verge of hitting 150 and above, BOJ will look to intervene. Short-mid term chart shows signs of temporary reversal is high with overbought signals. (RR ratio over 5)
TP: Based on key resistance/ support level
SL: Above 150.5, potential to go above 150.3 before crashing
Key targets (Short-term): 149.25, 148.8, 148.4, 147.7, 147.3, 146.9, 146.75, 146.4
Key targets (Mid-term): 146.1, 145.75, 145.5, 145.2, 144.8, 144.2, 143.8, 143.2, 142.8, 142.2, 141.6, 141, 140.5, 140.0
Trade closed: stop reached
Note
If you had a super safe stop loss from the place I mentioned to sell, you would be earning huge right now!
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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.