The entry filled and the call is being tracked candle by candle.
What is the logic behind this USDJPY short?
Written by the trader before the outcome was known, and never edited since.
Trade: Short $USDJPY @ 158.015, 1R stop @ 158.050, 2R target @ 157.880.** - Clean retest of flipped support turned resistance, absorbed liquidity hints at sellers stepping in,
Thesis at publication
The longer case, also locked at publication.
USDJPY short at 158.015, key resistance retest post-Bank of Japan dovish shift. Bulls absorbed on lower TFs, now battle prior resistance turned support. Momentum catalysts: divergent RSI on daily, sustained bearish engulfing on 4hr. Target 149.2, invalidation at 163.89.
Market context
What was true around USDJPY when this call was published.
Among active calls posted on TradeLiveX at that moment, 50% of 2 open USDJPY calls from 2 traders were long.
1 graded calls, 100% closed above breakeven, mean +1.98R. Frozen as of the post — it is not recomputed.
Across all 29 graded USDJPY calls on TradeLiveX from 27 traders, 52% closed above breakeven with a mean of +0.11R.
Discussion
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