USDJPY short idea

١٧ يونيو ٢٠٢٢

I'm anticipating a weak Dollar, and a stronger Yen,
Annotations are made on the chart.
The only challenge is that we could sweep the Prev Day's High before running lower.
However, I'm anticipating that the high could be maintained if bearish. If swept, I can look for re-entry after.
the final target of 128.750 is probable
I'm hedging my bets to the short side

١٧ يونيو ٢٠٢٢

ملاحظة

If right, the price could start melting in the next 15-30mins

١٧ يونيو ٢٠٢٢

ملاحظة

ideal shorts would be above the Prev. Day's High if bearish as the price seems to be rallying

١٧ يونيو ٢٠٢٢

ملاحظة

While it seems uncomfortable to short the rally, great entries for shorts are preferred here.
We are potentially neutralizing early sellers, inducing breakouts traders to the long side. This squeeze is potentially the engineered move for shorts before a reversal.
if uncertain, observe from the sidelines

١٧ يونيو ٢٠٢٢

ملاحظة

We are failing to make new highs, and new lows are being printed, confirming a bearish bias

١٧ يونيو ٢٠٢٢

ملاحظة

if you participated in the rally from Asia, you could potentially secure positions before you are left in an uncomfortable situation.

١٧ يونيو ٢٠٢٢

تم إغلاق الصفقة يدويًا

the market is reversing heavily, id not trail stops, this squeeze may be uncomfortable

٢٠ يونيو ٢٠٢٢

ملاحظة

Observe how we are dropping lower now