A few hours after my USD/JPY of the forex market short sold trade was cut, I decided to re-enter. Instead of going short, I now went long since USD/JPY seems to have broken out of the downtrend‘s resistance line in the 3-hour time frame. My entry price is 90.15 and my cut loss is 89.90.
Updates:11am 2-17. Moved my stops to my entry price of 90.15
Updates:7pm 2-17. Took profits, 35 pips up.