22 Nov 07 - Short USD/JPY at 10855 @ 2332hrs
Reason for trade:
The USD/JPY was in a small channel on 30min chart with the following BKO pts.
BKO (Up) @ 10879
BKO (Down) @ 10858
Placed Limit Order to Short at 10855 (initial SL @ 10905) since the daily chart is forming Wave J down, with WTP @ 10655.
X @ 11794
A @ 11454
B @ 11592
SL moved to 10820 when price moved broke below 10800 to protect profits. USDJPY then swinged up from the day's low near 10756 and hit my SL.
Profit: +35 pips
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