USDJPY - Short setup

6 Tem 2016

Previous support should become resistance (light blue zone). Together with bearish cypher completion and falling trendline we find an opportunity to get SHORT. Final target is retest of the low (purple line).

IF however the trendline and resistance is violated I will look for an opportunity to get Long.

Happy trading!

6 Tem 2016

İşlem aktif

Sell order filled @ 101.391

7 Tem 2016

Not

First target reached - half position off to lock in profit.

Moving stop loss to break even for the remaining half.

8 Tem 2016

İşlem kapandı: hedefe ulaştı

As already commented above - First target reached where half position were closed to lock in profit.

PRIOR TO NFP
Closed half of the remaining position at the retest of the low (C-Leg of the cypher) prior to NFP news.

The small remaining position got stopped out after NFP with a small profit as well.

See you next time!