short set up for USDJPY

25 oct. 2022

by getting more strength on JPY index now this pair has strong chance to drop.

so based on the strategy on the chart if the price break the dynamic support level

or the trigger level, downward pressure has chance to continue more.

if you set short position a proper stop loss would be above 149.5 level.

we also could have more sideways hours in to the area before any strong move.



Enjoy the market
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26 oct. 2022

Transaction en cours

broke the level as expected

27 oct. 2022

Transaction en cours

still bearish

1 nov. 2022

Transaction en cours

retested the trigger zone but still bearish in longer time frames
so the strategy is the same.

11 nov. 2022

Trade fermée: cible de profit atteinte

hit the target but still bearish and can test lower area on the chart below.

14 nov. 2022

Trade fermée: cible de profit atteinte

and touched the second target as expected.

1 déc. 2022

Note

will keep dropping to the demand area.