Short on USDJPY

Head and shoulders pattern on the daily chart with double bottom on the right shoulder.
Trade triggers with pending order (sell stop) at (112.05).
Stop loss 20 pips above yesterday's closing price (112.465).
If it doesn't reach the entry price the order is cancelled.

Kommentera:

An inside day bar is being formed till now.
Moving the sell stop order at 112.164 (today's low).
Stop loss at 112.465 if trade is active.

Order avbruten:

Cancelling the sell stop order.
We will wait for another short opportunity.