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jlqe
Oct 8, 2018 1:56 PM

USDJPY short with 2 profit levels Short

U.S. Dollar/Japanese YenFXCM

Description

Rejection of upward momentum at strong resistance 114.2 and beginning of bearish trend

Profit taking levels based on previous resistance:
Low-risk, scalping play - 112.88
High-risk, high reward play - 11.94

Stop-loss: Set at personal risk appetite

Trade closed: target reached

Low-risk profit taking: 35pips profit

Trade closed: target reached

Easy 130 pips profit for 2nd target.
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