USDJPY- Descending Triangle With Good Short Setup
Updated
A very decent short position on the reversal of the support turned resistance of the the descending channel on the 4 hour. The EMA's showing bearish signals as extra confluence with also a strong bearish channel on the higher time frames. This will hopefully be a very good sell trade!
Let's see what happens during the week!
Let's see what happens during the week!
Trade closed: stop reached
For this trade, it stopped out as it went the way I expected it but price went straight the opposite way.This is a part of trading where we have to deal with losses and learn from this trade.
With the correct risk management for this trade, this would have been a small loss. So its very important to have correct risk management or risk blowing your account away.
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