USD/JPY - "Wax Off" 2 Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 2, 2016 1:44 PM

Short at 120.83, SL 122.00, TP1 116.30

Rationale for short view:
- Touched and just under broken bullish trend line (green)
- Running into resistance at bearish TL
- Daily stochastic over 80
- Resistance around 121.7
~ Month of Aug range 0.618 fib
~ Highs in Dec 2014, Mar 2015

Trade closed: target reached

⋅ Feb 5, 2016 1:56 PM

TP1 reached

USDJPY