JLJ002500

UJ - Active Short Trade

Short
JLJ002500 Mis à jour   
FX:USDJPY   Dollar Américain / Yen japonais
Trade active. Opened early this week. Short @113.785; SL 114.95

See below (1D) for entry justification.

Left my last two UJ trades on the chart as a reminder. UJ has a way of luring me in to a false sense of confidence. It can be volatile making multiple false moves prior to following it's actual course of direction.

1M: As I've mentioned in previous posts, UJ has been in a stage of increased volatility and indecision that began in 2/17. It was a back and forth between bulls and bears. Price action is showing signs of changing since month end of September.

1W:
1D: My charts get messy with UJ because support/resistance tend to operate more as a zones. There are often s/r lines closely stacked together. With that being said, triple top, and trend line resistance. Multiple tests of the resistance has occurred, which is frequently the case with UJ.


1H:
Transaction en cours:

Trade still active. Have been in the green the majority of the time. Recent bullish price action at support zone. UJ's price could climb and retest resistance zones. I would evaluate adding to my position between 114.20 - 114.80.
Trade fermée: cible de profit atteinte:
Clause de non-responsabilité

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