Usd/Jpy Turtle soup short setup.
Usd/Jpy 1H chart.
Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002.
Price have pushed trough the recentLY formed high and failED to move higher.
The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis behind the trade is a good old exhaustion trade.
Limit order out @136.68
Stop value: 1%
Plan is to take 1/3rd of the position off if price gets to TP 1, and ride the rest all the way down to June 2022 lows if price allows it.
Price have recently printed fresh highs, with this ONE even breaking the high formed back in 2002.
Price have pushed trough the recentLY formed high and failED to move higher.
The pair itself has moved 19% in a almost a straight line in the recent months, thats alot even for this currency pair, this pair usually top out at 16%, so the thesis behind the trade is a good old exhaustion trade.
Limit order out @136.68
Stop value: 1%
Plan is to take 1/3rd of the position off if price gets to TP 1, and ride the rest all the way down to June 2022 lows if price allows it.
Trade ativo
Filled short.Trade fechado: objetivo atingido
Closed 1/3 of the position.Rolled SL to breakeven for the remaining position.
Trade ativo
Trade ativo
New order in to add to main position.Pending order resting: @136.08
SL: 136,58
TP 1 50% : 135.32
TP 2 50% :134.28
Orginal 2/3 position trade will have no affect.
This is just a trade around a established position.
Trade ativo
Moved entry to 135.50 ( Fib level of recent 1h move down.Nota
FilledNota
Moved SL on all position to 135.92 ( Using EMA 50 + some room as trailing SL )Tradeplan going forward: Add to the position using the EMA 50 1H as entry.
Execution will be done using an algorithm.
SL: 50 pips from 1H EMA when executed.
Trade ativo
Trade activated while i slept.Trade fechado: stop atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.