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
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Catatan
As always, remember to scale out, we have dropped 30pipsCatatan
We have potential volatility in London Open, id advise against long ideas unless, you are great at anticipating short-term reversals.Catatan
Stop trailed but not at break-even yetCatatan
taken more partials, reduced riskCatatan
Scaling out some more, trailed stops to break evenCatatan
Easy profit target achieved, scaled outCatatan
Secure positionsCatatan
if you have taken nothing off, you could start taking partialsTrading ditutup secara manual
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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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.