edgetrader
Long

Long on breakout @ 97.76

FX:USDJPY   U.S. Dollar/Japanese Yen
125 5 1
SL @ 96.92, TP @ 99.105
Both the USDJPY and Nikkei has broken down the short term upward trendline. More downside potential now.
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MACD is crossing down through the zero...
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Target 99 to test the longer term downward trendline. Can move to breakeven or scale out when it move hits 98.34.
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it's not about right or false but explaining why this could go north towards 99.
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Maybe you are right.
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