USDJPY short

17 Şub 2016

No description needed

18 Şub 2016

Not

A safer TP would be between 112.300 and 112.550

19 Şub 2016

Not

Thanks to this bicktash chart

I was able to see the real target.

Which is the ascending line from this weekly chart


Let's zoom in to 4H, this is the magic line


So 111.700 is the target... BUT I think there is a high probability of breaking that support and push the price down to at least 107.200...

If you want to short I suggest you wait and see if the price bounces from the support drawn on the 4H chart I just mentioned and sell on the 1 hour chart using the 200 SMA as entry

19 Şub 2016

Not

SL moved to 113.259 and TP to 111.900

22 Şub 2016

Not

I closed my position on friday, a good place to try to go short again is 113.4 with SL above 1 hour 200 SMA