All technical here. Historically, around the month of august there has been a strengthening of the JPY. Heavy RSI divergence. Weekly pivot forming far below at 101.1 area. CNY comes out with GDP Thursday 13, 2016 so that is a contributing factor to be aware of. I am short at touch of upper Trendline. STOP 105. TP 103.31
Trade active:
Entered at 104.505
Stop loss moved to 104.427: I may get stopped out in which I will look for a better entry
Stop loss moved to 104.427: I may get stopped out in which I will look for a better entry
Trade active:
Continuing to chase with a stop loss :) Yes I fear the inverse HS.
Trade closed manually:
Stopped out. Will wait for inverse HS to make a decision.