Usdjpy short fib retrace

Jul 13, 2016

I have already entered this trade as of now in between working my normal job. I want to short the pullback on that huge run up. My take profit is set for 102.5 near the .5 retrace. I am expecting it to hit the monthly/weekly ghost pivot (purple m) or go as far as the weekly pivot at the .618 retrace.

Jul 13, 2016

Trade closed: stop reached

Trade closed at stop for a profit of 245 on a 1.0 lot. I will look for a good re-entry and pursue this until the end of the week because I don't think it is done yet.