shomonrobie
Short

USDJPY Sell @ Counter TrendLine Break

FX:USDJPY   U.S. Dollar/Japanese Yen
FX:USDJPY             @ . 618 Retracement of Down AB Swing
Counter Trend Line Break @ Daily Down Trenline
StochRSI over bought
Price Below 0.236 of last down AB Swing

STOP LOSS: 15 PIP ABOVE PREVIOUS HIGH; @112.157
TAKE PROFIT:
FIRST TARGET - Fib Level 1.27 of first AB Down Swing @ 105.408
SECOND TARGET - Fib Level 1.618 of first AB Down Swing @ 103.328

EXCELLENT RISK:REWARDS 5.25%

I will watch the trade over time and modify if necessary!!
Trade active: Price Broke Above Down Trendline but still testing the Back Side of Counter Trendline. Market is Bullish.

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