USDJPY short idea
I'm anticipating a weak Dollar, and a stronger Yen,
Annotations are made on the chart.
The only challenge is that we could sweep the Prev Day's High before running lower.
However, I'm anticipating that the high could be maintained if bearish. If swept, I can look for re-entry after.
the final target of 128.750 is probable
I'm hedging my bets to the short side
Annotations are made on the chart.
The only challenge is that we could sweep the Prev Day's High before running lower.
However, I'm anticipating that the high could be maintained if bearish. If swept, I can look for re-entry after.
the final target of 128.750 is probable
I'm hedging my bets to the short side
Nota
If right, the price could start melting in the next 15-30minsNota
ideal shorts would be above the Prev. Day's High if bearish as the price seems to be rallyingNota
While it seems uncomfortable to short the rally, great entries for shorts are preferred here. We are potentially neutralizing early sellers, inducing breakouts traders to the long side. This squeeze is potentially the engineered move for shorts before a reversal.
if uncertain, observe from the sidelines
Nota
We are failing to make new highs, and new lows are being printed, confirming a bearish biasNota
if you participated in the rally from Asia, you could potentially secure positions before you are left in an uncomfortable situation.Trade fechado manualmente
the market is reversing heavily, id not trail stops, this squeeze may be uncomfortableNota
Observe how we are dropping lower now
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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.