asferruzzi
Short

USDJPY pin bar short opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
78 0 3
Price appears to ranging on the daily time frame with the higher time frames showing down trend. Price has retraced to a precious resistance area and previous swing point. Bearish pin bar has formed at this significant level indicating sellers have regained control of price and may push price down. Entry could be placed half way of pin bar with profit target set at next major level of support. Reward is over 2:1
Trade closed: stop reached
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