DanJB_Fx
Short

USD/JPY Potential Short Opportunity - 4 R/R

FX:USDJPY   U.S. Dollar / Japanese Yen
A slight pull back to 108.6 area will give a potential:
  • 38.2 retracement
  • rejection of previous lower time frame descending trend
  • rejection of higher timeframe support/resistance .

Good R/R comes from targeting previous strong higher timeframe support/resistance
Trade active: Trade entered using 5 min entry at 108.628
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out