USDJPY - SHORT TRADE IDEA
Weekly Bearish, Daily Bearish, 4hr Bearish
Structure indicates high volumes of short positions are entered into the market. Based on market structure we should have a move to the downside from this AOI at round psychological level 144.000.
Daily formed a bearish candle on the daily showing rejection from our AOI
Entered on an engulfing 30 minute candle which broke structure on the 15 minute timeframe. Price is currently forming an engulfing on the 1hr and 2hr aswell.
This trade offers us a 1:4 RR.
https://www.tradingview.com/x/AKKlV7Cz/
Structure indicates high volumes of short positions are entered into the market. Based on market structure we should have a move to the downside from this AOI at round psychological level 144.000.
Daily formed a bearish candle on the daily showing rejection from our AOI
Entered on an engulfing 30 minute candle which broke structure on the 15 minute timeframe. Price is currently forming an engulfing on the 1hr and 2hr aswell.
This trade offers us a 1:4 RR.
https://www.tradingview.com/x/AKKlV7Cz/
Trade fermée: ordre d’arrêt atteint
It violated my stop, this move was WILD. Conditions in the markets change. Most times this trade would reach TP, but this time it took our SL.
Trade safely, manage your risk.
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