TradingWithLuke
Short

USDJPY Short Position, 87 pip move

FX:USDJPY   U.S. Dollar/Japanese Yen
15 0 0
Shooting star, hitting .236 level on fib retracement, descending triangle formation, and nearing the top of stochastic indicator all on the daily chart leads me to believe there will be a break out definitely.. more so to the downside :) I am looking to jump on the downtrend at around 101.69 (Fridays Low) and taking profit around 100.82 (21/05/2014 Low). If you have any comments or want to discuss please do! :D
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