Week 8 Trade 2 UJ Short

Reasons for entry:
- Possible H&S pattern
- Price has reached and rejected the trendline
- Price is failing to break above and close above 110.60
- Eveningstar candlestick formation on the 2hr timeframe

Entry Timeframe:
- 2hr Eveningstar formation
- @110.57

Stop Loss:
@1.1266 (-9pips)

Take Profit:
- Target 1 @110.00 (+57pips) = Risk/Reward : 1:6.8
- Target 2 @109.75 (+82pips) = Risk/Reward : 1:9.9
- Target 3 @108.5 (+207pips) = Risk/Reward : 1:25

Notes:
- Tight SL, will look to add a second entry should price break and close beneath the trendline