USD/JPY SHORT - Shooting Star/Downtrend/Trend Line Bounce
Price has reacted at the trend line and has made a shooting star 4HR candle, price should respect the trend line, it has been respected many times before and the shooting star for me is a double confirmation, also the price hit the 61.8 fib level where the shooting star was formed so should now also reverse to the downside, 3 conferences to the downside.
TP @ 113.171
SL @ 114.536
R/R @ 4.21
TP @ 113.171
SL @ 114.536
R/R @ 4.21
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.