Sterling yen has broken the M15 neckline in style and nearly broken the H4 neckline as shown above. If this goes there is a 500 point downside target.
I am looking to the M15 for an exact entry. Its trading now at 132.20.
The trade needs a 150 point stop.
Remember the bet size will be 1% of your acccout divided by 150. This accout is 25000% plus a tiny amout from Friday. 1% is 250 $. Thus my bet size is 250/150 dollars per point.
I am selling the pound yen at 132.17 with the position size as above with a stop at 133.70
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