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SamKingsmith

USD/JPY Short idea

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
SamKingsmith  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY usdjpyshort Supply and Demand Parallel Channel
5
0
usdjpy usdjpyshort supplyanddemand parallelchannel
A good opportunity to get short in USDJPY:
-Rejection of upper trend line
-Previous support has become resistance
-Retracement up to the 618 level
I put the stop just below a Previous supply/demand level to allow me to take a RR of near 1:3, with the first target down at the last low
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