There I was going short, and I was up 200$. The yen was going down, steadily down, and I was happy.
Then, it went up, and I was like “It’s ok, it’ll keep going down for such and such reasons”.
It went down, and hit my break even, and I was like “It’ll keep going”. I was confident.
Then it went up to 122.50, and I was like “crap”, but it went down again, so I smiled.
Then it went back up. and kept going up. And before I knew it I HAD close my position after I accepted it wasn’t going down any further. I lost all my gains from yesterday + a bit more
So can anyone explain to me why the Yen spiked so much? It was just chilling, going down, then BAM! It went up to 123.18 or so as of now. I’m so pissed