jazzik
Short

Short CADJPY with great r/r

FX:CADJPY   Canadian Dollar/Japanese Yen
73 0 0
UPDATE 5/6: Stopped out with a bang. Result: -1R.

UPDATE 2/6: The position has not been stopped out as the S/L has been in fact set on 100.469.The order was quite conservative (half the pin bar ) what allowed for some more room between opening price and S/L.

This is a bit of a long shot. I went short after the bearish pin bar from 5/5, conservatively in the middle of the candle. This is around .5 & .618 fib retracement of the last impulse drops (depending on which top to take into account)

1) 06/05 Sell limit - middle of the pin bar candle from 5/5, S/L slightly above the candle, T/P in the low area of the consolidation highlighted in blue, R/R 8(!) - ALREADY OPENED

The price is still high enough to try to enter this trade.
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