Thursday, March 22, 2018

Update on the USDJPY short trade

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Quick follow up to the short USDJPY trade I entered a few days ago.

I shorted USDJPY last week:


I covered earlier today at 105.374 as the market was testing previous support zones.


Must admit this was an undisciplined exit as I was a bit fearful since the last two times the market bounced off support.  I didn't want this trade to go back against me.  Patience is something I need to continuously work on.

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