weiloon940718
Short

USDJPY : POSSIBLE LIBRA PATTERN

FX:USDJPY   U.S. Dollar / Japanese Yen
63 0 5
The price has tested the crucial resistance area 106.160-106.765 and break the trend line thereafter. So i am interested to short for the libra pattern. For a safer plan, we can wait for price to break area near 104.987 and sell the pullback.

TRADE IDEA 1 :
SELL AT NEAR 105.793 (WATCH PRICE ACTION FIRST)
SL : 106.460
TP 1 :103.967
TP 2 : 100.50

TRADE IDEA 2 :
SELL THE PULLBACK NEAR AT 104.987 (DEPENDS ON PRICE ACTION)
SL : 105.257 OR ABOVE THE REVERSAL POINT
TP 1 : 103.967
TP 2 : 100.50
Comment:
snapshot

Strict SL is required, if SL is hit, LEAVE!!
Comment: I re-entered a short position at 106.40 with smaller lots, strict SL is required at 107.00
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