Trading Room

Forex Trading Room on July 26 – 30, 2021 – An Ongoing Short Position on The USDJPY

July 26, 2021 | 2:35 pm | The 5%ers' Blog > Trading Room
July 26, 2021 | 2:35 pm
The 5%ers' Blog > Trading Room
Forex Trading Room on July 26 – 30, 2021 – An Ongoing Short Position on The USDJPY

Today we discussed the ongoing short position on the USDJPY that we took the previous week.

The trading rooms are the opportunity to trade together with our traders!
The rooms are available live three times a week for our traders, both PM and during the level 1 process.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, share market visions and trading opportunities.

In today’s trading room, we analyzed the charts for the upcoming week. We start with the higher time frames and then check the lower time frames to look for intraday opportunities.

Today, we discussed an ongoing trade on the USDJPY. Entering a short position the previous week on that pair on the weekly supply level, we reinforced our position in the H1 timeframe after a retracement. Fibonacci and the daily support led us to enter another short.

We also had a short trade in the EURUSD that closed at BE after the US opening.

Finally, as usual, we tried to find opportunities in the other pairs for the week ahead.

 

 

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