ironcondor
Short

USDJPY 15M Short | Piercing Pattern

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Candle Pattern: Piercing Pattern
Trend: Down
Trend Entry: With Trend
TP/SL Ratio Target: 1 to 1
Estimated PIPs: 15
Fib Entry: 61.8%
Fib TP: 76.4%
Stochastic: Overbought

Notes:

Entering within EMA/SMA zone
potential 1.3 or 1.6 fib extension to the downside with trend
Trade closed: stop reached: trend may be ending, same issue with NZDUSD crossing trend line
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