asferruzzi
Short

USDJPY pin bar short opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
83 0 4
Higher time frame shows obvious down trend, daily time frame also confirms down trend. Price has retraced to an area of previous support and resistance and also the 50% Fibonacci level. Bearish pin bar has formed indicating sellers have regained control of price in the short term and with the overall downward trend pressure, sellers may be ready to continue the down trend. Entry could be placed half way of trigger candle and profit target set for next area of support. Reward is over 2:1.
Trade closed manually: Closing trade manually, I feel price is stalling and is not moving according to my original strategy. Reward is 2:1
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