Downward flag breakout short 30 m USDJPY Asian session

Downward flag developed on 30 m USDJPY. Pole of flag is 68 pips so our 2nd TP is 68 pips @ 113.13. Our first TP is @ 113.52. Watch 5 m or 15 m for price movement as you approach TP's.

Comment:

It is 10:30 pm EDT and I am closing my charts down for the night. My trade just hit my first TP @ 113.52 so I am going to close my whole trade out for 25 pips. I will see in the morning how well the pair did in hitting the 2nd TP at 68 pips. We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.