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TradeWithWayneYia

USDJPY M15 - Intraday Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
TradeWithWayneYia Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Double Top reversal usdjpyshort tradeidea
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trendanalysis doubletop reversal usdjpyshort tradeidea
Wait for Double Top confirmation for quick reversal on price. Price reached Higher time frame selling area.

Entry: 110.473
SL: 110.676
T1: 110.273
T2: 109.970

May all of your trades be green and achieve all your financial goals!
Comment:
The level identified couldnt hold as buying pressure was higher. Trade would have achieve a 1:1 ratio if trade is entered at a slightly lowered price of the Sell Area instead of a deep entry price, it would have hit 1:1 risk to reward ratio where in our trading methods to shift Stop Loss to Entry (SLE) and have a Risk Free Trade (RFT).

Suffered a small loss in this trade but it is ok as long as proper fund management is in place.
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