CXJV
Short

USD/JPY Very Simple 4H Strategy Short Order

FX:USDJPY   U.S. Dollar / Japanese Yen
This current SHORT order is based off my 4H trend following strategy. I use the 20MA as a resistance barrier and SHORT orders can only be made when 20MA is below 50MA.

Trade entered at the end of 4H close (5:00 GMT+1).
SL will be move to entry (£0.00 loss if hit) after 4 x 4H candles (16H) if price is below, otherwise I will take the full loss.
Second SL move will be move to the top of a candle that has crossed back above the 20MA.

Profit will be taken if price continues to hit moved SL otherwise the above action will be repeated until SL is hit as shown on previous trade (21/10 18:00 GMT+1)

Please follow for education purpose only, Comments are appreciated and can help develop this strategy
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