USDJPY Short Prediction
Updated
My prediction of USDJPY on a current sell at 111.250 to see if it will drop lower. If not, it will enter into a buy since it would have broken the trend. If if dips to 111.250, I expect it to sell to 110.480. Expected profit in pips is 77 pips and risk is around 45 pips. I am new to trading so don't rip me too hard! Just trying to get in the game and be knowledgeable.
Note
My prediction was partially correct. Price decided to climb towards the 111.700 range, and then took a hard fall. I had an entry in at 111.600 and caught about 60 pips from it, but if you were to keep the same closing entry at 110.480 and raised the risk to an entry at 111.600, you would be sitting nice right now.
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