Ooh would have still been a good trade! Did you end up going short?
Yes I did.
Good trade for this one, TP got hit. As I’ve mentioned, I’ll enter a short if price holds. Entered a short at 132.588.
TP: 130.776
SL: 133.712
Price went further down and I could have gotten more out if this trade but I’m ok with it. I could have also missed a lower TP because it looks like the direction of price is shifting.
As I’ve mentioned in my last post, it seemed like price was turning for USDJPY. I planned to enter a long but missed out on my trade.
I’m looking to short USDJPY. The 133.6 - 133.8 price range is a strong resistance area and it looks like price is going down.
Got a good trade from another USDJPY short on the 4 hour chart.
I entered a short at 134.831 on confirmation that price hasn’t broken resistance on continuation of the ascending channel.
TP: 133.829
SL: 135.747
Entered a short on USDJPY at 136.465. Price didn’t break resistance and held.
TP: 135.436
SL: 137.530