Tonight's Trade EUR/JPY

Here's tonight's trade. Take a look at the RSI indicator. I have it circled where it hits the 70 overbought condition. At the end of that candle, I entered short knowing it didn't have much left in the tank. Prior resistance is at 156.25 as shown by the spike candle to the left.

There was an earlier opportunity approx. three hours earlier as shown on the RSI. Unfortunately, I was not at the screen to take advantage of it. Early bird catches the worm, eh?This is how the trade ended. Closed my short position at 155.44 for a +69 pip profit. The strategy worked like a charm....again.

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