USDJPY Sell setup
Updated
USDJPY has touched upside of an important trend-line and provided a good SELL setup here..
Looking to SHORT USDJPY if it breaks the intermediary trend-line - i.e., come below levels of 112.500 - 112.450 decisively..
Looking to SHORT USDJPY if it breaks the intermediary trend-line - i.e., come below levels of 112.500 - 112.450 decisively..
Note
Please note, USDJPY is not a SELL as yet - unless it decisively breaks below 112.600 & then we will watch it going below 112.500 on lower time-frames..At this stage, it looks like, it may have possibility to break out on the upside as well.. so it is important to be profitable rather than holding on to our views...
Trade active
I think it is fair to say the intermediary trend-line has been broken and we can short here.. USDJPY is showing weakness...However I would be keeping strict SL (the trend-line) itself and proper money management.. with trailing SL as well... to keep booking profits..
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