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MikePips

Possible short coming.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MikePips Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
3
1
Ill be looking for a rejection at the top green line and either a double top or reversal pattern so enter short.
Comment:
Both Stop losses are at 102.496 for this USD/JPY short trade.
Trade active:
I entered early. Hopefully I don't pay for it.
Comment:
Looking at my daily chart there is stiill 169ish pips up the pair can move before going back down. If stopped out of this position I will be waiting for a reversal on the bear channel trend line.
Comment:
Now that I looked at the daily it looks like there is still 169 pips of room for the pair to move up. If I am stopped out of this trade I will wait for a test of the trendline before shorting .
snapshot
Trade closed: stop reached
Comment:
I payed for it.
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