USDJPY: 2nd March 2018 – Chart of the Day

Ideally I’d like to see a flag-type formation into my green sell level, in order to position short for a break of 105.55.

If we tag 105.55 before it hits my green sell level at 106.54, the trade idea is off the cards.

Supposing we do get back there before tagging the low, I will enter short with a stop loss at 106.93

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