The_Monk_Trader

USDJPY SHORT for 150 pips!

Short
The_Monk_Trader Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

Short USDJPY after the 4hr candle broke the ascending trendline. The setup is also close to the descending trendline, therefor the stop is placed above this trendline at 109.2.

Target 107.
Trade active:
Closed half position at the 0.5 fib level @ 107.85

Trade closed manually:
second half of position closed at 108.3 since trendline was broken.
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