Blackwood_fx
Short

USD/JPY SHORT Setup forming!!

FX:USDJPY   U.S. Dollar / Japanese Yen
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PA has found a fairly well established trend line as resistance. In addition PA is below the 200sma which increases odds of a short position. As soon as PA breaks the small trend line to the downside I am going to open my short position.

I just got stopped out on this pair two days ago so I am proceeding with caution as I dont like to revenge trade.

Keep a cool head and dont risk more than 2%.

Lessons & managed accounts available.
I hope you can recover your loss with this technical setup. Good luck!
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