USD-JPY Short

Bearish Buttterfly with Evning Star on 15 min. Short Now. SL on top of Evening Star,

Trade ist aktiv:

Now the price is in a channel. One should pay attention at what price does inside this channel. This trade aims to take advantage of an overextended price. However, bear in mind that the overall trend is UP, not down. Look left for structure and hints to take profit before the uptrend resumes. A breakout of this channel will bring the price back to the start of it. So next move it is not necessarily OUT, might be LONG.

Kommentar:

Price stalls. Channel might break up on today's news.
SL at 113.921 . Might take profit before news releases.