KathysTheStockGal

USDJPY short Entry set up

Short
KathysTheStockGal Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
15
THis pair is on fire.
I love the fact that all the moving averages are heading to cross MA 200
I love the pin bar @ MA 21
and I alos like break and close below daily support
SO To stick to my rule I have to have low risk to enter this trade
my first option is pull back to MA 21 enter then with stop loss above high of the pin bar
my 2nd option is actually that my only option to stay with in my rules.
So I will set up a blind Sell Stop order @ 114.95-115.00
Stop loss above high of pin bar.
TP 109.00 Zone BUt if You have followed me for a while u will know I take profit when I see potential of pull back.
Good luck
Comment:
Took 170 Pips just afew min ago I wait for another opp to enter again for 2nd round.
Comment:
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