04 December 2007

4-12-07 : USD-JPY Short position

Short USD-JPY @ 110.17
cut @ 110.60 (max loss = -$43)
profit @ 109.00 (max profit = $107)
risk:reward = 1:2
reason to short :
Daily : At top of down channel. ERF#1
1hr : break up trendline. Break below 110.40 resistance.

daily
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1hr chart
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