Short USD/JPY

Short USD/JPY

USD/JPY OANDA:USDJPY


Daily:
Price is below 21 MA
Broke horizontal support at 107.825
Currently re-testing the support turn resistance line

4H:
Broke downtrend channel support line.
Reject prices the second time at 107.825 horizontal resistance line
Bearish engulfing candle stick.

Position: Short
Entry: 107.5
Stop Loss: 108.5
Target: 105.5
Risk:Reward = 1:2

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