$USDJPY: Potential weekly short

I like this entry here, long the yen. It's possible to see a sharp decline soon, and here the weekly chart is calling for a short entry with low risk and good risk/reward. First target is 105.402 but it could extend lower, so, just follow the trend with a wide enough trailing stop once in profit matching the stop loss distance here.

Best of luck,

Ivan Labrie.

Commentaire:

Continuation is possible here...support didn't hold in the daily, and with Trump's war threats, this chart suddenly got real.

Trade fermée manuellement:

Cover and go long -we bought earlier this morning-