Heavily Shorting USDJPY since last week friday and stopped!

Discussion in 'Risk Management' started by johnkirstenn, Oct 4, 2022.

  1. What now?
     
    #31     Nov 10, 2022
  2. upload_2022-11-10_19-35-52.png
     
    #32     Nov 10, 2022
  3. SunTrader

    SunTrader

    See post# 29 as I said no surprise had a sell signal on 10/7/22 on daily.

    Had another this morning on 5 min:-

    !DXY sell.png
     
    #33     Nov 10, 2022
  4. You don't think fundamentals has to do something with it?
     
    #34     Nov 10, 2022
  5. SunTrader

    SunTrader

    Of course they do, long term. But let's see how this plays out. There might be a surprise coming. There always is.

    In the meantime I will continue to look towards Technicals to guide me short term, especially as to entries and exits.

    BTW this also what I was looking at recently - monthly resistance. Wicks poked above but no candle closes:-
    !DXY Monthly.png
     
    #35     Nov 10, 2022