USDJPY Short 1.4:1 RR
Updated
Already in this trade. Clean looking 38 pip stop. Based on a bit higher timeframes.
Trade active
In.Note
This is a wider trade, therefore updates will happen less frequesntly. Line in the sand is dotted line, holding for now.Note
Still in pullback.Note
Price jumping up. Holding the line in the sand. Early Exits are now possible. Still holding for now though.Note
If we get this 1H close above the dotted line - we're out. 3 minutes.Note
Closed above, but we got a bit of a wick. So giving it a bit of a few 4M candles to see before closing. Although Early Exit is very likely at this point.Note
Still holding. Early Exit is possible soon. Just need some final confirmation on 4M chart.Note
1M made a channel with low-volume and then broke out of it. Our decision to hold was good, just need now to see what happens next. Still holding.Note
Evolving wit the market. the 1M channel is now an expanding one. Didn't get a proper 4M close for Early Exit, so just holding. A bit nasty of a trade this is, but it is what it is. We manage what we get.Note
Still holding. Not liking the price one bit, but we still didn't get a final confirmation for an Early Exit. So the only option is to hold for now.Trade closed manually
Out for -0.75. Good trade and good management. Gave it all the chances we could, but it ultimately didn't go our way. All good. Pretty mediocre week so far, but remember we only need a handful of good trades that perhaps are yet to present themselves.Note
On to the next one.Lightwork_
Lightwork Trading
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