EurJpy Trade Update

Sep 25

Last night I posted a short set up on EJ. I knew I was entering shorts with price being overall bullish but price at the time was a respecting a range. I closed in small draw down once I seen price start to consolidate extremely tight at the level I entered for shorts. With price breaking above the range and retesting the resistance level I decided to go long and follow the overall trend. Personally looking for a solid 1:3rr here. We could expect price to reach 163.000 since price is a range on the higher time frame between 163 and 155.

Sep 25

Trade closed manually

Volume died out on price. Ended up closing out making back what I lost in drawdown to EJ shorts from last night.

Sep 25

Note

Daily pushing back down after tapping into a high at the wick. Hourly failed to retest and closed back below the range so shorts for me could definitely happen with the week still being a profitable one for me.