TRADINGWITHZION

USDJPY 200 PIPS OPPORTUNITY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hello Hello Traders !

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Soooo, after banking over 480 pips in 2 trading weeks, we are preparing the next week already.

We have here a very good chance to bank some more PIPs.

USD isnt showing signs of improvment, and as you can see, we had a break on our uptrend line.

After following USD closely, I've noticed aswell a double top formation on the new resistance, and it failed to create new highs after the double top, making me believe that another hard drop is on the way !

A wide STOP LOSS will give us some manouver space against any possible fight backs from the USD currency.

As always, feel free to use this trade as your own, but make sure you make a proper risk managment .


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