The current market conditions offer a favorable opportunity for a short bet on USD-6/JPY+2, as a bull trap has emerged aligned with capital flow. This indicates that buyers are liquidating their positions, which will resume the downward trend. I am looking to add positions if price close below the 10 EMA (yellow signal line) and I plan to maintain my position as long as the price stays below the 10 EMA on a closing basis.
Note
USD/JPY 10 EMA Triggered: Adding short positions.Trade closed manually
USD/JPY 10 EMA Reversal: Trailing stop triggered.Trade active
USD/JPY: 2nd attempt!Trade closed manually
Setup expired.
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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.