eightpac
Short

USDJPY Short Re-entry

FX:USDJPY   U.S. Dollar / Japanese Yen
I've been watching this pair for the last week or so, following a simple set up of a bear-flag/pennant formation with a profit target of a 127 ext or a simple 1:1 ratio (trailing stop to reduce risk). This strategy yeilded 70 pips this morning alone for a decent profit and I believe there is still plenty of downside. The key here is to trade WITH the trend (identified via structure and MMA's), I notice that we're at a historical support level , but until the bulls rear their horns again I'm Bearish
Disregard the InSide bar Strategy report, the code written does a horrible job of identifying an inside bar that I'd trade! (Still learning Java Programming) XD XD
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