short USD/JPY

16 Okt 2020

we can see the continued down trend that has been going on for a while, I would take a long term swing trade on this trade as it seems to be continuing and not showing signs of stopping, there is being a retest of the trend line. the stop loss is just above 50 and 200 MA ( which is about to do a death cross, another short sign) and a take profit at a major level of resistance. risk to reward of 2.92.