Dreadlegion
Short

usdjpy end of week two-trendy setup

FX:USDJPY   U.S. Dollar/Japanese Yen
FX:USDJPY             is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper trend line , for a pullback to the lower trend line . The two-trendy system as I learned it from rob booker is a simple break in one trend line and a pullback to the current trend, which for usdjpy             seems to be up. So, short it on break of the trend line , close trades and buy for continuation of the trend.
Comment: sideways movement usually spells doom for a pullback, and NFP is half an hour away. this is a dangerous trade so be careful if you enter.
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