Wednesday, March 14, 2018

USDJPY short

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.

USDJPY was making a move down then flagging on the H4 timeframe.  Lower timeframe (M30) showed an opportunity to get involved short on the break.  See below...

A bit concerned as the H4 wasn't firmly under the 50MA.

Update (2018-03-14):

Market slightly against me.  Grinding sideways.  Will hang tight to see how this plays out.  Stops above 106.80

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