sell usdjpy for bottom trendline testing

May 3, 2017

i am waiting for good price action to sell the usdjpy in the resistannce zone. i will be targeting the gap maked by market last week as well as bottom trendline of the channel. sl will be according to the entry and little above the resistance zone. all the take profit areas are marked with arrow.

May 4, 2017

Note

yesterday market closed above the resistance zone. we got stopped out. but i am still looking for short as it has not reached the trendline. if trendline holds i will go short again.