Hi Traders! Here is the USDJPY sell trade update and follow up which I shared with you in this week. This is yet another profitable trade for us, on January 7th 2020 I shared with you this “Trade Idea – USDJPY Sell Setup Based On Bearish Hidden Divergence“. First lets see a recap and summary of the idea and then we will see how this setup developed later.
USDJPY Weekly (W1) Chart Analysis
- Bearish Hidden Divergence, Downtrend Line
USDJPY Daily (D1) Chart Analysis
- Lower Lows, Parabolic SAR
USDJPY H4 (4 Hours) Chart Analysis
- Bearish Hidden Divergence
USDJPY Sell Trade Provided Good Profits
So based on the above mentioned bearish setup, we were looking for pullbacks and sell. The pullback that we were looking for happened and then the price moved lower exactly as we expected. We have collected good profits with this trade before the price moved higher again.
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If you have any further questions, don’t hesitate to drop a comment below!
Chief Trader at the Traders Academy Club