JLJ002500

EURJPY - Trade Journal - Long Entry

Long
FX:EURJPY   Euro / Japanese Yen
Entered too early yesterday and ended up manually closing position @ 127.177 for 70 pip loss.

Long again, 1/2 position @ 126.846. This is still a more aggressive entry point due to lack of confirmation. There is however RSI divergence and we are at a strong support.

Blue dotted path and red dotted path are 2 possible scenarios I am watching for and when I would evaluate adding to my position. Red is if it retest support and it holds. Blue is if it makes HH & HL.

1D Chart:
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.