Euro / Japanese YenUpdated EUR/JPY 15m Short
Another nice valid day-trade setup here.
Break below 15m structure, below 50EMA, room to the downside. 4HR is in consolidation, but the S&P 500 is in correction mode so the risk-off appetite may push this into the lows of the range again.
SL @ B/E at 1:1. Target slightly over 2:1 due to a late entry with better RR.
Fell like a rock after I entered, but we'll see how it plays out. I have a roughly 48% chance of winning this trade.
Edit: S/L already at break-even. This was a very fast moving trade, I am lucky I got into it when I did.
Break below 15m structure, below 50EMA, room to the downside. 4HR is in consolidation, but the S&P 500 is in correction mode so the risk-off appetite may push this into the lows of the range again.
SL @ B/E at 1:1. Target slightly over 2:1 due to a late entry with better RR.
Fell like a rock after I entered, but we'll see how it plays out. I have a roughly 48% chance of winning this trade.
Edit: S/L already at break-even. This was a very fast moving trade, I am lucky I got into it when I did.
Trade closed: target reached
Nice 2.17% winner. Onto the next :)
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My Resources Hub: theartoftrading.com
FREE YouTube Lessons: rebrand.ly/zyt
FREE Pine Script Basics Course: rebrand.ly/zpsbc
Pine Script MASTERY Course: rebrand.ly/zpsmc
My Indicators & Strategies: rebrand.ly/zmisc
FREE YouTube Lessons: rebrand.ly/zyt
FREE Pine Script Basics Course: rebrand.ly/zpsbc
Pine Script MASTERY Course: rebrand.ly/zpsmc
My Indicators & Strategies: rebrand.ly/zmisc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.