Vegapit

Waiting for the breakdown of the consolidation pattern

Short
Vegapit Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
5
Price action has been trapped in a narrow range suggesting that a breakdown of the pattern could have some inertia. In order to get a tight risk on the trade, I have entered the short here and used the Kumo as an initial Stop.
Trade closed manually:
Took profit as downward price inertia has faded. Good trade nonetheless

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