SergeantPringles
Short

USDJPY - 2H - Trading with the trend

FX:USDJPY   U.S. Dollar/Japanese Yen
93 0 9
Recent trend has been downward, thats why im still looking for shorts. we are now sitting a trendline cluster and i think i will use this for a predictive entry with a small position. if we find followthrough i will add to the position later on. probably after the breakout of the lower blue dashed line.
you can also wait for some sort of confirmation or go for a conservative 1:1 trade with stops above the recent retest of solid blue trendline (112).
but i like my setup a bit more.
also, if we do breakt the blue solid line to the upside, my bias will switch to neutral and longs will become more appealing.

Comment: the feeling when u enter and the market turning around right away ;) time to move stops above yesterdays high - which is basicly breakeven - since we should be protected by the solid trendline now

now lets see if we can break the lower dashed line. if so, i will look to add to the position
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