USDJPY SHORT IDEA

20 Haz 2022

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

20 Haz 2022

İşlem aktif

20 Haz 2022

Not

As always, remember to scale out, we have dropped 30pips

20 Haz 2022

Not

We have potential volatility in London Open, id advise against long ideas unless, you are great at anticipating short-term reversals.

20 Haz 2022

Not

Stop trailed but not at break-even yet

20 Haz 2022

Not

taken more partials, reduced risk

20 Haz 2022

Not

Scaling out some more, trailed stops to break even

20 Haz 2022

Not

Easy profit target achieved, scaled out

20 Haz 2022

Not

Secure positions

20 Haz 2022

Not

if you have taken nothing off, you could start taking partials

20 Haz 2022

İşlem elle kapatılmış

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.