TRADE #5: SHORT USD/JPY: SUCCESSFUL

Trade set up: USD/JPY in overall downtrend. Pair returns back below 55 dEMA. Currently at 23.6% fib on daily.

1 hour chart shows return to downtrend with lower low and again near 23.6% fib on hourly.

On 15 min chart, again there is another lower low. See entry on chart, but got in at sell of 91.32.

Set stop loss above recent high at 91.60.

Target is 91.04 (28 pips)

TARGET HIT. SUCCESSFUL TRADE COMPLETES THE FIRST STAGE: 3 WINS, 2 LOSSES.

HERE IS A PICTURE OF THE TRADE HISTORY FROM THIS LAST TRADE.