day trading short on USD/JPY

21 Tem 2016

The trade idea is based on Structure trading

23 Tem 2016

İşlem aktif

For those who did not get the entry or possibly looking for an entry sell position, there are 2 valid opportunities.

Support & Resistance
1. look for a double top on the hourly chart and possibly an exhaustion or harami candle.
Place Sell stop at this point., with Stop Loss at a 127% fib extension of the 2 bearish candles

Trend Continuation
2. Place Sell Limit Order at 61.8% retracement of the 2 bearish candles.
Place Stop Loss at 127% extension of the 2 bearish candles

Note
There are news events early in trading week look out for gap in price. see link for news events fxstreet.com/economic-calendar

Good luck in trading Guys

25 Tem 2016

İşlem elle kapatılmış

Manualy close TP #1
@ 105.80 Safe Exit

25 Tem 2016

Not

see chart

25 Tem 2016

Not

Possible counter trend Not for the risk averse trader

RSI Oversold
Consolidation
Upcoming minor news
Success rate 50 %