Short Opportunity USD/JPY at previous support zone

Price has retraced to near previous support zone and also the downward trend line. Will be looking for price action to confirm entry with either a double top or a bearish engulfing candle without price passing the downward trend line on the 15 min chart or 1 hour chart.

Position 1 and 2 short price target around 110.5

Position 1 Stop Loss: 39 Pips
Position 1 Take Profit: 59 Pips (determined by blue circles resistance areas)

Position 2 Stop Loss: 39 Pips
Position 2 Take Profit: 112 (determined by previous support/resistance zone)

Trade chiuso: obiettivo raggiunto:

I never was able to get involved as I never saw the price reach downward trendline but it did and then took a big dive...