Short

Possible short coming.

By MikePips

Updated

Ill be looking for a rejection at the top green line and either a double top or reversal pattern so enter short.

Note

Both Stop losses are at 102.496 for this USD/JPY short trade.

Trade active

I entered early. Hopefully I don't pay for it.

Note

Looking at my daily chart there is stiill 169ish pips up the pair can move before going back down. If stopped out of this position I will be waiting for a reversal on the bear channel trend line.

Note

Now that I looked at the daily it looks like there is still 169 pips of room for the pair to move up. If I am stopped out of this trade I will wait for a test of the trendline before shorting .

Trade closed: stop reached

Note

I payed for it.

MikePips

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.