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MikePips

Short at resistance

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
MikePips Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
short shortterm Support and Resistance
1
1
short shortterm supportandresistance
Shorting from middle resistance to lower support. Waiting for break out of small triangle pattern.
Entry: 104.585
Stop Loss: 104.796 - 21.5 pips
Tp 1: 104.373 + 20.8 pips R/R 0.97
Tp 2 : 104.040 + 54.8 pips R/R 2.55
Comment:
Entry order did not trigger. Market went up significantly . The breakout on Friday was erased when the market gapped up Monday morning back into the triangle pattern, before breaking out a second time in the opposite direction.
Order cancelled
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