chris333

Below Pivot Go Short a Break Below

Short
chris333 Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Action to Take: Go Short, enter sell at 11255 stop
Take Profit Level: TP1 11231, TP2 111736 Stop Loss Level: 112693
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
Comment:
First profit target reached. Move stop loss on remaining contracts to 112307
Trade closed manually:
Exit due to hammer on hourly
Comment:
Also key support on the handle price of 112 - the bounce that formed the hammer is clear indication it doesn't want to break through any time soon.

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