vj20_fx
Short

Short Opportunties across Yen Pairs

FX:USDJPY   U.S. Dollar / Japanese Yen
66 views
3
66 0
USDJPY has been in a constant downtrend making the lowers lows and lower highs. Last week, price consolidated in between the major trendline and strong weekly support. I have marked this period with a grey rectangle . I don’t believe price will break through the trend again due to how many times it has been tested. The Yen has also proven to be signalling weak price action throughout the major Yen pairs. I am now waiting for confirmation which will be the breakout of the consolidation period, the break of the weekly support and the break of the counter bullish trend line . My target for this pair will be the last lower low for safety even though it could possibly push further. My SL is just above the consolidation period also placed for safety making this a 1:2 Risk/Reward trade.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out