USDJPY DST Short – 27 Sep 17

Acc Risk: 0.7%
Short: 112.85
Stop: 113.33 (48 pips)
Target: 111.00 (185 pips, 4h500, 3.85x RR)
Mindset: Optimistic


Stopped out on NFP results

I’ve triangulated this trade in with the CADJPY and USDCAD. CADJPY I’m already short, USDCAD is into a reversal zone so therefore I should be short this divergence on the USDJPY. Let’s see how it plays out.

4H Chart

USDJPY 4H Chart – 27 Sep 17

Daily Chart

USDJPY Daily Chart – 27 Sep 17

Weekly Chart

USDJPY Weekly Chart – 27 Sep 17

Monthly Chart

USDJPY Monthly Chart – 27 Sep 17

Stopped out on NFP results

I’m fine about being stopped out – I knew it was coming – I should probably get smarter about my stops. The reversal, if it sticks, seems quite predictable. Dollar index is diverging as it ran into the 4h500 and the Yen index is bouncing off a lower daily trendline. I’ve set a couple of alerts looking for a re-entry inside the bands.


USDJPY 4H Chart – 06 Oct 17

DXY 4H Chart

DXY 4H Chart – 6 Oct 17

JXY Daily Chart

JXY Daily Chart – 6 Oct 17

Annoyingly this divergence has crossed the bands and doesn’t look like it’s going to retrace. 😐

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