FX.co ★ USD/JPY - take profit!

Good afternoon traders! Congratulations to those who followed our scheme of short selling the USD/JPY pair in the trading chart.

Here are the past trading ideas for the pair:

July 20

July 22

The main idea was to open short positions in order to drop the price at the target value 106.6 in the chart.

Plan on July 20:

Plan on July 22:

Plan for today, July 24:

Close 2/3 of the positions and work for a consolidation at the quote 106.

Good luck!

The trading ideas presented were based on Price Action and Stop Hunting strategies.