Timing is key

USDJPY 60 - Anticipated P5 Area

FX:USDJPY   U.S. Dollar / Japanese Yen
210 2 2
A few things going for this trade.

1. Anticipated P5 ( Terminal Top )
2. Price Failure to reach ML of upward Fork
3. Failed to reach 0.272 Fib Extention
4. Nice Reaction Line Test.

I managed to enter short using some tight stops on the 5 minute and covered my entry ( No Risk :) Let see how far she goes!


Sorry pictures are better to understand why I think 102.299 is the TOP. Let's watch and see.

I am pretty sure I was 16 hours too early!, The terminal top looks like 102.299, I had 102.303 as a key resistance level! Should now see a drop to at least 102.140:) I had a tight stop on this so I was out B/E on a 1:1 RR cover.


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