USDJPY - Recent breakdown, Sell entry on retest
Recent breakout of key level is encouraging for short term short trade. Will be looking for an entry on re-test of key level which was recently breached. Entry will be on Price Action signal only. Will be updating this setup as it unfolds until invalidated.
If there is a retest and entry signal around 108.2, this could result in a good risk/reward ratio.
This is not advice, it is a trade idea only. Do your own research.
Trade Less!
Cryptojon101
If there is a retest and entry signal around 108.2, this could result in a good risk/reward ratio.
This is not advice, it is a trade idea only. Do your own research.
Trade Less!
Cryptojon101
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Patience!
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If trading on the 4hr, a nice pin bar sell signal showed up. If taken it would have given you a 1:2 risk reward (SL above the pin, TP 50% retrace of last bullish pin). This was a short term trade, I will wait for better setups on the longer term picture. Great example of a micro trade within a bigger trade idea.
If you can always wait for the perfect setup. When the setup develops with a signal to enter trade, if not we will pass this trade idea and wait for the next one. Patience!
If you can always wait for the perfect setup. When the setup develops with a signal to enter trade, if not we will pass this trade idea and wait for the next one. Patience!