wuweitrader
Short

15 minute short on USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
47 2 3
Taking a trade off of the sliding parallel. Stops above recent swing highs, target is the median line , but will manage it as I watch price action around the -.236 Fib level.
Wanted to just add these lines. There is (as you can see in the attached image), a very structured move downward, constantly doubling the range. This would imply a much lower target (100.80) than the median line. The Fib extension also comes in about where these lines imply (100.85).
snapshot
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Just to be a bit more precise with my trade and stop levels, here's a picture.
snapshot
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