Euro / Japanese YenUpdated Public Live Test - Trade 5
1) Daily trend: down.
2) 8-hour chart: price has reached a former resistance area.
3) 2-hour chart: bearish harami signal candle following the high on 2016/01/22, as well as oscillator divergence.
Short entry trigger missed; will enter if price breaks below signal candle.
Entry: sell 13,000 @ 128.011
Initial stop-loss: 128.439
1st target: 126.195 (buy 6,000)
2nd target: 125.208 (buy 4,000)
Trail stop on remaining 3,000
2) 8-hour chart: price has reached a former resistance area.
3) 2-hour chart: bearish harami signal candle following the high on 2016/01/22, as well as oscillator divergence.
Short entry trigger missed; will enter if price breaks below signal candle.
Entry: sell 13,000 @ 128.011
Initial stop-loss: 128.439
1st target: 126.195 (buy 6,000)
2nd target: 125.208 (buy 4,000)
Trail stop on remaining 3,000
Trade active
Trade active
Correction to 1st target: 127.052 (buy 6,000).Trade closed: stop reached
Starting balance: $4,478.15Gross P/L: - 46.83
Commission: - 1.04
Net P/L: - 47.87
Ending balance: $4,430.28 ( - 1.069%; - 1.549% YTD)
MAE: 42.8 pips (1.0R)
MFE: 58.3 pips (1.362R)
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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.
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.