USDJPY Short 1.4:1 RR

Another leg of this move as price broke nicely to our previous trade's target.
Orders are set at 139.239 with a 11 pip stop.
Will see how it goes.

With this one we will need to be very cautious for an early exit. Pretty much a fast-paced trade. Either goes immediately to the target, or we're out for little loss.

Note

Still pulling back.

Trade active

We are in. But most likely we'll just get out very fast for a quick loss. Waiting for a 4M candle close.

Note

Holding another 4 minutes

Note

Still holding. We need a push to the downside. For early exit we need a close above 4M200EMA.

Note

Good close. Still waiting.

Note

Moved stop to 139.280. Removing risk quickly.

Note

Good 15M close. Still holding.

Note

Still running.

Trade closed: target reached

Tapped +1.4.
Great trade and great management.
EURUSD still running. 7 minutes till end of session, likely no other trades will pop up.

Lightwork_

Lightwork Trading

Also on:

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.

Lightwork_

Lightwork Trading

Also on: