SHORT on USD/JPY 12-26-21

USD/JPY has a upward channel on the weekly and daily and is currently at a resistance zone that it has not been able to brake since oct 2017, I am expecting price to drop from the resistance zone at least 400-500 pips and even more long term.

Here is the trade I will be taking on this pair:

ORDER TYPE = SELL STOP
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 114.071
STOP LOSS = 114.571 - 50 PIPS / $5 LOSS
TAKE PROFIT = 109.343 - 472 PIPS / $47.20 GAIN