USD/JPY down to 97

FX:USDJPY   U.S. Dollar / Japanese Yen
91 4 4
I will sell at 101
stop loss = 101.5
take profit 97 (97.3 is more conservative)

Up to you what to do, your own decision and risk...

The Bears are now waiting big to short at 101.1, so you may adjust the stop loss to lower than 101.5, I'm going for 101.2. Break-even is an option but a spike might get you out of the trade. It's up to you. If you want to enter with another short, try 100.9 with stop loss of 101.2. We'll see if does go down to 97. I really hope so. Otherwise, stop loss is there to protect us.
abdal abdal
It did hit 100.9 today... nice short. Bears are back on track to attack 99.8 again, strong support there :/
And if not, no big deal! I had tw0 positions going up since this mornings bullish burst but closed 0ne out on profit as I seen fit. I will yet add another position to the upside if price decides to head that low again b4heading up. I have ammunition so, I'm not worried 0ne bit:)
Nice! I believe a retest could be in play if it's to go to the upside. I just hope it goes around the 100.8-101 area first:)
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