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mzxcvbn12nozxcvbn12

Target hit on $/JPY for 8.6R, now playing the last leg down

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mzxcvbn12nozxcvbn12  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis swing continuation
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trendanalysis swing continuation
After a strong up move momentum slowed down with bearish divergence. However I dont enter bearish divergence unless its double top/bottom. First opportunity to short was a classic swing around 50 MA. Added two more positions on swings pullback. All out at 1107.70 for total of 8.6R profit. Now playing the last potential leg down to at least retest the previous low. Entry 108.65-60 SL a09.12 target 107.70 for around 2R trade. after that we most probably will get trend reversal either in the form of double bottom or up swing where we can play the upside
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