USDJPY (S) 2017.01.23

Updated
Going with JPY relative strength. Currently trading under 20 and 50 SMA on 15min/1hr/daily charts. Entry below resistance on 15min chart and stop loss at 50 SMA on 15min chart.
Trade active
2nd position opened at 112.65, now on 2x position with 1st positions stop at break even.
Trade closed: stop reached
Stopped out on both positions. Took that 2nd entry way too soon.
Bearish PatternsbearrallyForexfxRelative Strength Index (RSI)shortUSDJPY

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