USDJPY older trade still active
Updated
I predicted a breakout A while back I will link to. I thought after the trade had hit my sell stop that it had come up and tapped my stop loss as well but I wasnt paying close enough attention and as this wasnt a real trade live or demo I was just judging it by sight. So good news is I didnt get stopped out. It has made a slight retrace and is still positive and I believe it is ready for further downward movement as it is at a resistance level right now. Daily stochastic also pointing to continuation. Price seems to have finally come out of the channel and looks to be breaking downwards. Although technical analysis is never an exact science no matter how good you are so I wont rule out a possible last kiss formation where price comes back higher and touches the bottom of the channel one last time.
Trade closed: target reached
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