MikePips
Short

Channel Breakout, Triangle Breakout,and New Lower Low

FX:USDJPY   U.S. Dollar / Japanese Yen
Triangle break and Channel break. Shorting to the 1.272 Extension .Second entry oppurtunity if retrace to .786 , .618, or 0.50. Stop loss behind 0.50 retracement. Take profit just before the 1.272 extension . New Lower Low
Trade active: Entered short at 107.216
Trade closed: stop reached
Comment: Retraced to .382 may keep going up
Comment: Shorted the pair after being stopped out . Shorted at 107.215
Trade closed manually: Manually closed short. I was stopped out on original entry but still managed to take some pips shorting this pair.
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