USDJPY has been in the downtrend since the start of 2017. The price is currently trading in a downtrend channel highlighted in purple. Lazy Strength Indicator still indicates a strong downtrend on Daily chart. I will continue to look for SHORT OPPORTUNITIES on hourly chart using the Lazy Trend Strategy. Area to monitor: 107-108 Zone (Red Rectangle) There might...
Trend: Down Lazy Trend Indicator spotted some momentum. Entry: 76.04 Stop Loss: 76.17 Trailing stop was hit at 75.95 Profit 2% Risk to Reward = 1:0.6
Trend: Down Price broke out Entry: 115.51 Stop Loss: 115.70 Stop loss was hit with 3% loss
Trend: Down Price broke out with momentum Entry:108.84 Stop loss:108.99 Trailing stop was hit at 108.68 Profit 3% Risk to Reward = 1:1
Trend: Down Price broke channel with momentum Entry: 82.30 Stop Loss: 82.49 Trailing stop was hit at 82.21 Profit 1.5% Risk to Reward = 1:0.5
Trend: Down Entry: 116.06 Stop Loss: 116.26 Stop loss was hit Loss 3%
Trend: Down Price broke channel and resistance Entry: 136.71 Stop Loss: 136.96 Trailing stop was hit at 136.61 Profit 1.2% Risk to Reward = 1:0.4
Trend: Down Price broke resistance with momentum Entry: 108.96 Stop Loss: 109.19 Trailing Stop was hit at 108.84 Profit 1.5% Risk to Reward = 1:0.5
Trend: Down Price breakout Entry: 83.30 Stop Loss hit: 83.47 Loss -3%
Trend: Down Price breakout Entry: 117.68 Stop Loss hit: 117.87 Loss -3%
Trend: Down Price breakout Entry: 137.77 Stop Loss: 138 Trailing Stop was hit at 137.70 Profit 1% Risk to Reward = 1:0.3
Trend: Down Price breakout Entry: 111.22 Stop Loss: 111.40 Trailing Stop was hit at 110.87 Profit 6% Risk to Reward = 1:3
Trend: Down Entry: 83.60 Stop Loss: 83.80 Trailing was hit @82.91 Profit 13% Risk to Reward = 1:4
Trend: Down Entry: 118.01 Stop Loss: 118.21 Trailing Stop was hit @117.44 Profit 6% Risk to Reward = 1:3
Trend: Down Entry: 138.18 Stop Loss: 138.42 Trailing Stop was hit @ 137.49 Profit : 12% Risk to Reward = 1:4
Trend: Down Entry: 76.8 Stop Loss: 76.96 Trailing stop was hit @76.73 Profit 1.5%
Trend: Down Short signal with strength confirmation Entry: 110.40 Stop loss:110.60 Stop loss was hit - Loss 3%
Trend: Downtrend Lazy Trend Strategy spotted a short opportunities after the price broke the channel. Entry: 82.39 Stop Loss: 82.57 Risk: 3% The trailing stop was hit @83.24. Profit: 15 pips (2.5%) Risk to Reward = 1:0.8