TradingView
ChartL
Aug 14, 2020 2:11 AM

Trade 5 - USDJPY short (pending) Short

U.S. Dollar/Japanese YenFXCM

Description

Looking to short from recent resistance down towards support, good RR offered and multiple wick rejections of this area of resistance.

Risk - 0.5%
Reward - 2.5%

Order cancelled

No entry for this short, came within less than 4 pips of entry but missed. Pending order now removed and onto the next.

Price played out really nicely from the initial analysis including a small sideways movement at the dynamic/sloping trend line identified.
More