clemons7778
Short

Possible double top

FX:USDJPY   U.S. Dollar/Japanese Yen
65 3 1
Possible double top and ascending triangle . Great risk/reward short here. Recommend 1/2 normal position size and stops ~ 104.00 since Fed taper decision later this month could spark some volatility .
Much cleaner chart than mine. I am going to copy this.
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Any reason why this is a great setup but justifies 1/2 the normal position? Just curious.
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Because I would expect this pair to be especially sensitive to the taper news if/when it comes out
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