Today, I am attempting a sell trade on USDJPY, placing my stop loss at 156.65 and take profit at 155.11. On the M15 timeframe, the price has declined and is currently trading well below the MA200; there is a possibility it will drop further and attempt to break through the support area.
The sell position I opened on USDJPY hit the stop loss, resulting in a loss of $4.92. On the M15 timeframe, USDJPY attempted to rise but was blocked by a supply area, and the price now appears to be falling again.