Looking to go short USDJPY (18/05/2020)
As you can see, this pair has been trading in a channel and I may have missed 2 shorting opportunities already.
I am however optimistic that some time on Monday, there will be another pop up to test the top of the channel and I would be happy to take a short trade if that happens.
Price action on this pair is quite clean and I would not be looking for any confirmation since it will provide a good R/R.
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As always please use sound money and risk management in all your trades.
I am however optimistic that some time on Monday, there will be another pop up to test the top of the channel and I would be happy to take a short trade if that happens.
Price action on this pair is quite clean and I would not be looking for any confirmation since it will provide a good R/R.
If you like my analysis, please give it a "thumbs up" and make a comment. If you like my work, please Follow Me" so that you get immediate notifications.
As always please use sound money and risk management in all your trades.