Fayaz Sadik Sait 2.0 USDJPY SHORT SELL
GMT - 8:53am
Trade - Sell USDJPY
Price - 114.90/95
Stop - 115.5
Target - 114.45 l 114.20 l 114.00
Dollar Yen has crucial resistance at 115 area and it could not be very easy to break the same. I am looking at a sell at this point expecting a failure of price to break and trade above 115 at least in the first attempt.
Lets watch the price action for now , as the trade progresses I shall update the blog.
Update - GMT - 11:07 am
USDJPY now after testing resistance moved backward by 35 pips trading at 114.60. Low risk Traders move stop to entry price and secure the position or exit with a neat 35 pip profit.
Fayaz Sadik Sait
Trading in financial instruments is not for the weak hearted , Trading these instruments involves high level of risk and losses can exceed capital (depending on your FX Broker).My advises should be used as a medium to learn and not as a medium to get RICH.I dont have any formula for anyone to get RICH. I shall share no responsibility for anyone's profit or losses.Once again Trading is not for everyone.