EUR JPY BUY

Jul 19

Currently long on the bullish price action at the significant level marked on the chart. You can see resistance is now acting at support at a 50% retracement level.

Jul 23

Trade closed: stop reached

This trade failed. my next level of interest lines up with the 200 EMA and will keep an eye out for price action there.

Part of me could see this trade failing but as a trader you have to trade what you see and commit to your setups. The price action at the level it was at all made sense. However, this is when you practice your phycology and discipline and wait for the next setup.