USDJPY - Short setup

FX:USDJPY   U.S. Dollar / Japanese Yen
Previous support should become resistance (light blue zone). Together with bearish cypher completion and falling trendline we find an opportunity to get SHORT. Final target is retest of the low (purple line).

IF however the trendline and resistance is violated I will look for an opportunity to get Long.

Happy trading!
Trade active: Sell order filled @ 101.391
Comment: First target reached - half position off to lock in profit.

Moving stop loss to break even for the remaining half.
Trade closed: target reached: As already commented above - First target reached where half position were closed to lock in profit.

Closed half of the remaining position at the retest of the low (C-Leg of the cypher) prior to NFP news.

The small remaining position got stopped out after NFP with a small profit as well.

See you next time!
still short?
timmynorin TucKinetti
Yes, we're at completion IF the C-D leg and inside the killzone. I wont be looking to get long until it breaks this zone and closes outside the trendline.
timmynorin timmynorin
Of* the C-D leg. :)
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