MikePips
Short

Possible short coming.

FX:USDJPY   U.S. Dollar / Japanese Yen
112 1 3
Ill be looking for a rejection at the top green line and either a double top or reversal pattern so enter short.
Comment: Both Stop losses are at 102.496 for this USD/JPY short trade.
Trade active: I entered early. Hopefully I don't pay for it.
Comment: Looking at my daily chart there is stiill 169ish pips up the pair can move before going back down. If stopped out of this position I will be waiting for a reversal on the bear channel trend line.
Comment: Now that I looked at the daily it looks like there is still 169 pips of room for the pair to move up. If I am stopped out of this trade I will wait for a test of the trendline before shorting .
snapshot
Trade closed: stop reached
Comment: I payed for it.
Both Stop losses are at 102.496 for this USD/JPY short trade.
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