USD/JPY : Short setup **

(Repost)
Accumulation of :

- Monthly resistance ( look in your monthly chart )
- Weekly trend's ( red )
- 23.6 fib retracement based on 365 days min/max
- RSI overbought ( will be )
- A lot of other resistance in this zone

ep 114.10

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Comment:

USD/JPY is overbought in each time frame from D1 to M5 .
Look for a reversal sign and/or trendbreak before entry .

Comment:

TP1 HIT ! +25 pips
Breakeven for other targets .
Better be safe for the week end.

Trade closed manually:

Breakeven hit

Comment:

If you did not breakeven :

All Targets hit

+100 pips boom

Comment:

Another 60 pips why not ;)

Trade closed: target reached:

Im closing my last short position now because of 61.8% fib lvl bounce :

+150 pips