exequorcapital
Short

USDJPY - H1 Potential Double Top

FX:USDJPY   U.S. Dollar / Japanese Yen
Look for a potential pullback on FX:USDJPY . A lot will ride on the US GDP figures out later today. If there is a surprise in the figure and it comes in under expectation, then we will see this set-up take form. Keep an eye on this chart throughout the day to see if we get a break of 113.950. We will look to go SHORT at 113.940 with a target of 113.550.

ENTRY
113.940

STOP LOSS
114.400

TARGET
113.550

Published on 10/27/17
Trade closed: stop reached: Trade Initiated just beneath 113.950, with the better than expected GDP we saw a boost and our SL was too close.

Stopped Out

Bummer - because the drop did come - if our stop was a touch higher - we would have been just fine.

Comments

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