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Bear-Capital

USDJPY Short

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Bear-Capital Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Multiple Time Frame Analysis Support and Resistance Oscillators usdjpyidea usdsetup onlysuccessandwealth
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mtfa supportandresistance oscillator usdjpyidea usdsetup onlysuccessandwealth
Same idea as the previous short on this pair. I expect to see some resistance form on the hourly chart over the day or so. This will happen in the yellow zone. Once that happens I will be taking short positions from them with my SL being about 15 pips above where that resistance is.
Comment:
This is the 3rd on the 1H that price has entered out yellow zone. I will begin to start taking short positions.
Comment:
trade is now active with SL of 30 PIPS and TP of 100 PIPS
Comment:
SL moved to break even. you can expect a pull back after it settles down from news at which point i will scale in if given the chance.
Comment:
TP HIT. Trade closed!
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