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U.S. Dollar / Japanese Yen
Short

USDJPY Sell @ Counter TrendLine Break

By shomonrobie
Updated
USDJPY @ .618 Retracement of Down AB Swing
Counter Trend Line Break @ Daily Down Trenline
StochRSI over bought
Price Below 0.236 of last down AB Swing

STOP LOSS: 15 PIP ABOVE PREVIOUS HIGH; @112.157
TAKE PROFIT:
FIRST TARGET - Fib Level 1.27 of first AB Down Swing @ 105.408
SECOND TARGET - Fib Level 1.618 of first AB Down Swing @ 103.328

EXCELLENT RISK:REWARDS 5.25%

I will watch the trade over time and modify if necessary!!
Trade active
Price Broke Above Down Trendline but still testing the Back Side of Counter Trendline. Market is Bullish.

snapshot
countertrendlinedowntrendusdjpusell#usdjpy#forexusdjpyshort
shomonrobie
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