USDJPY SHORT IDEA
From the previous analysis idea, I still maintain a bearish bias anticipating a weaker Dollar and stronger Yen.
From Friday if you engaged in the market short, the squeeze was uncomfortable and possibly stopped out.
However, there's a possibility of a continuation lower for today.
Annotations and partials are made on the chart.
My point of interest is the yellow line indicated.
possible to hold positions to New York Open
if I'm wrong, ill manage risk, mitigate any losses and re-assess my idea
From Friday if you engaged in the market short, the squeeze was uncomfortable and possibly stopped out.
However, there's a possibility of a continuation lower for today.
Annotations and partials are made on the chart.
My point of interest is the yellow line indicated.
possible to hold positions to New York Open
if I'm wrong, ill manage risk, mitigate any losses and re-assess my idea
Transaction en cours
Note
As always, remember to scale out, we have dropped 30pipsNote
We have potential volatility in London Open, id advise against long ideas unless, you are great at anticipating short-term reversals.Note
Stop trailed but not at break-even yetNote
taken more partials, reduced riskNote
Scaling out some more, trailed stops to break evenNote
Easy profit target achieved, scaled outNote
Secure positionsNote
if you have taken nothing off, you could start taking partialsTrade fermée manuellement
I'm observing a market structure shift, adapting and collapsing most positions. you have no right to be stopped out when you can reduce risk and/or collapse your position.
I'm uncomfortable with the sideway range since the price could squeeze higher taking the intermediate high.
Positions are still at breakeven, will look for more entries in New York Session.
Minimizing risk.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.