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FX618Analysis

SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
FX618Analysis  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY selllimit short swingtrade breakout Supply Zone Demand Zone
5
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trendanalysis chartpattern indicator usdjpy selllimit short swingtrade breakout supplyzone demandzone
TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 131.660
STOP LOSS: 133.100
TAKE PROFIT: 129.550
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

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