USDJPY short - 1 November 2016
Updated
Background:
- Bearish reversal candle with bearish divergence formation after breaking out of 104.0 daily resistance
Entry:
- Sell stop @ 104.48
TP:
- Set at 103 near daily 50MA area
SL:
- Set at 105.1 round number resistance area
- Bearish reversal candle with bearish divergence formation after breaking out of 104.0 daily resistance
Entry:
- Sell stop @ 104.48
TP:
- Set at 103 near daily 50MA area
SL:
- Set at 105.1 round number resistance area
Trade closed manually
Update - 2 November 2016:- Trade closed manually at 103.19 (19 pips earlier than my intial TP of 103.0)
- Trade closed earlier due to the upcoming FOMC statement release
- Trade closed with 110 pips profit :)
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