I shorted the EUR/JPY @120.80 as the MACD is showing signs of weakness as well as I anticipate the break of the support line of the possible symmetrical triangle chart pattern as indicated by the yellow lines at the image on the left. Stop loss placed above 121 or @ 121.10 to be exact (3opips) as for my technical analysis.
Updates:5pm 3-2. Moved my stop loss to my entry price. In case prices go back up, I won’t incur losses.
Updates:6pm 3-2. Hit my stops as I moved it to 120.15. Profited 65 pips as seen on the right image!