Open trading account 
I'm selling Usd/Jpy today after a nice move up this night
The pair seems to have stalled at 104.8, and there might be resistance there
I knew that there would be trouble for the move up around 105
because that is 38.2% fibonacci resistance of the last move down on the monthly chart
I have set my sl above that marker and have sold the Jpy crosses too:
Eur/Jpy, Gbp/Jpy, Chf/Jpy, and Aud/Jpy
This will be my last big trade for this month in the competition
as I have been looking out for a move towards resistance on this pair for a week now
and I have set my tp's well low
If I can pull this trade off I hope to make $150.000
which should asure a win in the competition
fingers crossed :-)
The pair seems to have stalled at 104.8, and there might be resistance there
I knew that there would be trouble for the move up around 105
because that is 38.2% fibonacci resistance of the last move down on the monthly chart
I have set my sl above that marker and have sold the Jpy crosses too:
Eur/Jpy, Gbp/Jpy, Chf/Jpy, and Aud/Jpy
This will be my last big trade for this month in the competition
as I have been looking out for a move towards resistance on this pair for a week now
and I have set my tp's well low
If I can pull this trade off I hope to make $150.000
which should asure a win in the competition
fingers crossed :-)
