Going short on CAD/JPY

FX:CADJPY   Canadian Dollar / Japanese Yen
27 0 0
Reason for entry: Broke MA, trending down
What did price do last time it was in this area?: It went down
Any patterns? Squeeze?: No
Fibonnacis? The shorter the retracement, the shorter the trend. Look to enter when price breaks 100: N/A
Completed fibonacci sequence? (on Daily chart )
Divergance?: N/A
Breakout & retest?: N/A
last swing low/high broken?: Yes
Risk/reward ratio (consider the candle wicks): 3.17
Potential profit: 25.4%
Potential loss: 8% (breaking the rules, I know!)
Indicators: All bearish
Multiple time frame support (1W, 1D, 4H): Confluence
Moving Average: below
Upcoming news announcements: Big one for CAD tomorrow night and medium one for JPY
How confident are you with your position?: 75%
How do you feel in general?: i feel good
Trade closed: stop reached
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