USD/JPY SHORT - Shooting Star/Downtrend/Trend Line Bounce

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Price has reacted at the trend line and has made a shooting star 4HR candle, price should respect the trend line, it has been respected many times before and the shooting star for me is a double confirmation, also the price hit the 61.8 fib level where the shooting star was formed so should now also reverse to the downside, 3 conferences to the downside.

TP @ 113.171
SL @ 114.536
R/R @ 4.21

Trade closed: stop reached

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