USDJPY SHORT for 150 pips!

By The_Monk_Trader
Updated
USDJPY

Short USDJPY after the 4hr candle broke the ascending trendline. The setup is also close to the descending trendline, therefor the stop is placed above this trendline at 109.2.

Target 107.
Trade active
Closed half position at the 0.5 fib level @ 107.85

snapshot
Trade closed manually
second half of position closed at 108.3 since trendline was broken.
Trend Analysis

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