SL Hit ): I will blog about this position later
I took this position late in the evening and I decided to leave it open over the weekend. The thick trend line (resistance) was spotted on 4hr time frame. While on 1hr, the supply channel which is in confluence with the thick black line, is the sub-pattern. I sold immediately after a bounce from the confluence, set target at a new low and sl above the recent swing high.
Green Fibonacci cluster was drawn on 4-hour time frame while supply channel is the sub-pattern. Bearish divergence formed as well after which I sold. I have my target at a new low since the overall trend is a downtrend.
The EURJPY short carried over from last week ended with +0 pips - SO, I shorted again