alexburnett

usd/jpy trend based short

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
A clear trend beginning to form between the two trend lines , backed up by the 1-hour chart as well as bearish 1-day view, looking to ride all the way to a previous a major support/resistance at 110.9
Comment: Slight peak outside the trendline looking to shift back inside within the day
Comment: FOMC saved this trade hard, heading towards my TP of 110.993 now
Trade closed: target reached: Trade hit my TP for a good 37 pips but could've got more with a slightly riskier TP