I normally don't trade UJ but just screening my watchlist and saw this structure being created for potential countertrend shorts.
Based on the previous structure break, that could bring it down nearly 80 pips.
JPY is strong today and USD is losing strength. And I am expecting USD to continue bearish today.
COT data shows an increase of shorts and decrease of longs.
Let me know your thoughts.
Trade Safe!
HEET
ps. I generally post alot of updates as the idea/trade evolves. If you wanted to stay updated, please click the "Follow this idea" button.
pss. As I don't normally trade UJ, very unlikely I enter a trade for this pair. Although I could change my mind if it breaks below 105.4.
Based on the previous structure break, that could bring it down nearly 80 pips.
JPY is strong today and USD is losing strength. And I am expecting USD to continue bearish today.
COT data shows an increase of shorts and decrease of longs.
Let me know your thoughts.
Trade Safe!
HEET
ps. I generally post alot of updates as the idea/trade evolves. If you wanted to stay updated, please click the "Follow this idea" button.
pss. As I don't normally trade UJ, very unlikely I enter a trade for this pair. Although I could change my mind if it breaks below 105.4.
Nota
Price is retesting support. Be careful of a fakeout.
JPY has become weak in the last 2 hours.
Nota
Oh nice. I just got an alert that the price broke below a level I was watching. It looks like this trade will likely have some continuation.
Nota
Its reallly moving now!Nota
The result was quite accurate. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.