Possible short coming.

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

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MikePips