Short USD / JPY @ 101.343 ($100,000)
Margin - $1,0000
Stop Loss - 101.521
Maximum Possible Loss - $178
Return - $460
Risk / Return - 2.58 : 1
Risk / Return - 2.58 : 1
After lackluster results from intra day trading I decided I would put faith in my judgements bite the bullet and go for a longer set up. After watching the breach of 3 succesive support levels, an emerging downward trend and two pin bars, I executed an entry position at 101.343 exiting at 100.787, giving me a 46 pip movement.
* Please note - I used invert colours on this chart as as a result the green pin bars are - movements and visa versa.
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