Usd/Jpy Turtle soup short setup.

29 Haz 2022

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.

30 Haz 2022

İşlem aktif

Filled short.

30 Haz 2022

İşlem kapandı: hedefe ulaştı

Closed 1/3 of the position.
Rolled SL to breakeven for the remaining position.

30 Haz 2022

İşlem aktif

1 Tem 2022

İşlem aktif

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.

1 Tem 2022

İşlem aktif

Moved entry to 135.50 ( Fib level of recent 1h move down.

1 Tem 2022

Not

Filled

1 Tem 2022

Not

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.

4 Tem 2022

İşlem aktif

Trade activated while i slept.

5 Tem 2022

İşlem kapandı: durdurma seviyesi