My current position on USD/JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
205 4 3
Just entered a short on this pair! Analysis on chart!

My CTS             was as follows :
1. Minor structure
2. Overbought on 4 hour, 1 hour and 15 minute
3. Double top
4. Bearish divergence
5. 1.272 Fib extension
6. 1.414 Fib extension

Entry - low of bearish engulfing candle (1 hour chart) marked with the pink horizontal - 123.35

SL - Above highs of double top - 123.55

TP - Back down to structure - 122.90

Risk reward - Over a 2:1

Any comments and or constructive critisism is welcome!

Happy trading everyone!
still at the short , so you think it could reach 120 levels??
I was stopped out of this trade... Have you any positions?
Looks good to me. A trade I've taken myself. We could even see a lower TP... 120 would be pretty sweet
SmartTradingFX RJHumphries7d
Personally stopped out as my stop was too tight as i was shooting for a low risk trade! We go again! Hows your position looking? Thanks for the comment! Apprciated
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