SamKingsmith

USD/JPY Short idea

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
A good opportunity to get short in USDJPY:
-Rejection of upper trend line
-Previous support has become resistance
-Retracement up to the 618 level
I put the stop just below a Previous supply/ demand level to allow me to take a RR of near 1:3, with the first target down at the last low