SWING TRADING: SELL LIMIT ORDER FOR USDJPY. TARGET 129.550

TRADE TYPE: SELL LIMIT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 131.660
STOP LOSS: 133.100
TAKE PROFIT: 129.550
RISK TO REWARD: 1:1

ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed above supply zone / swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

breakoutChart PatternsDemand ZoneTechnical IndicatorsselllimitshortSupply ZoneswingtradeTrend AnalysisUSDJPY

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