JD_FX

Short position placed on USD/JPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
4hr price action showing a doji and a curve in candles
Stochastic showing the market is overbought and now %% lines are facing towards the momentum range
TP just above the 200 SMA on 4hr
However, 1Day SMA the price is running underneath the 200day SMA suggesting the overall trend is bearish

Entry - 104.237
SL - 104.254
TP - 103.725
Trade closed: stop reached: That got real - real quick...

Comments

Good analysis I’m going on o wait for the 4hr candle to close bearish hopefully then get on it
Reply
JD_FX ahmedyaree500
@ahmedyaree500, it's just closed - what do you think ?
Reply
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