U.S. Dollar / Japanese Yen
Short
Updated

Below Pivot Go Short a Break Below

227
Action to Take: Go Short, enter sell at 11255 stop
Take Profit Level: TP1 11231, TP2 111736 Stop Loss Level: 112693
Additional Factors:
Timeframe: ~ 24 hours
Total Risk of Account Equity: 2% or less
Note
First profit target reached. Move stop loss on remaining contracts to 112307
Trade closed manually
Exit due to hammer on hourly
Note
Also key support on the handle price of 112 - the bounce that formed the hammer is clear indication it doesn't want to break through any time soon.

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