g2-rockach
Short

Potential short entry opportunity USD/JPY

FX:USDJPY   U.S. Dollar/Japanese Yen
95 1 4
I am looking at the area marked for a possible short entry. This area is a previous support/resistance area. Also it is on a trend line and 23% Fib. The previous fib lines all show validity as each level respected. There has been a bounce from the 61%Fib and I am looking at a possible bounce off the 23 fib.
Comment: I switched to the 5 min chart and got in the trade at 101.35. I put on the parabolic Sar. I will exit this trade once the Sar is taken out on the 5 min chart
Comment: A great couple of trades taken here today. The best move | got was on the 2nd retest down to the 61.8 fib. I'm expecting some support here maybe, especially at the end of the da
is this the level to short now 101.166
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