TradingWithLuke1

USDJPY Short Position, 87 pip move

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.