USDJPY SHORT SETUP

Feb 21

Setting up a short on USDJPY, after a bear trend day market has finally retraced and reached a decent supply a demand zone which based on Price action there are sellers willing to enter the market, I am waiting for price to break previous swing high and tap into liquidity to then go short.

Feb 21

Trade active

Entered short at 150.129

Feb 21

Trade closed: stop reached

Closed trade on small loss, after bull spike up above my entry candle.

Feb 21

Note

Re-entered the market at 150.109

Feb 21

Note

Still holding the second short entry

Feb 21

Trade closed: target reached

Closed trade at 149.960, Recovering from the initial loss and making a nice profit