Euro / Japanese YenShort
EURJPY (short)
Reason For Entry
- The brake of 4H trendline
- A retest of 1H resistance
- .5 Fib retracement
Reason For SL
- Above highs
- Inside 4H trendline
- Above strong resistance
Target
- Targetting previous lows
Comment
- This trade I had lined up since the market close on Friday, however, I never placed an order to enter as I wanted to see where market open.
- Ideally, I should have been more focussed and kept a close on this trade as its running at around 8% with zero drawdown
- Next time I will be sure to keep a close eye on market open and proceed from there
- The brake of 4H trendline
- A retest of 1H resistance
- .5 Fib retracement
Reason For SL
- Above highs
- Inside 4H trendline
- Above strong resistance
Target
- Targetting previous lows
Comment
- This trade I had lined up since the market close on Friday, however, I never placed an order to enter as I wanted to see where market open.
- Ideally, I should have been more focussed and kept a close on this trade as its running at around 8% with zero drawdown
- Next time I will be sure to keep a close eye on market open and proceed from there
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