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glennmercer
8. Mai 2017 13:21

USDJPY Potential Short: Power Reversal Short

U.S. Dollar/Japanese YenFXCM

Beschreibung

Hey traders, this pair has broken some short term support. This is a potential scenario if the pair does in fact continue to show weakness, which means this is a sell stop order and is not active unless price reaches entry before invalidating the trade. Big R/R if successful. Cheers

Order storniert

I'm cancelling this order as bullishness has continued. I will re-evaluate a short if we see a bearish impulse or a basing pattern going into tomorrow's NY session. Cheers
Kommentare
niwuthande
any turning point soon??? should i take loss or wait???
glennmercer
niwuthande, If you don't have a strategy in place that outlines a plan of action in this situation I would take the loss and make that your first priority
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