Signal closed at -1 pips

USD/JPY Bear Flag

Position:
Short
Symbol:
USD/JPY
Timeframe:
H1
Trigger:
107.982
Target:
105.511
Price Stop:
108.867
Time Stop:
Entry:
Sell Stop
Results:
-1 PIPS

Signal Instructions

I took this trade on a .1 lot size. Please note that it will be taken via a sell stop order not a market. We discussed a couple of options in the webinar today which trades we should take and I concluded that this one would be the best option. I want to wait for the market to show that it's willing to break the flag before it drops. This is why I didn't exercise the trade at market. I am currently up about +14 pips on the AUD/USD trade. No need to close anything yet. I will probably hold until we reset tonight.


Signal Updates

I just closed this trade because I don't want to be overexposed to the JPY.