Looking for signal to produce continuation

12 авг. 2022 г.

We got a double confirmation signal this morning across multiple JPY pairs, EURJPY and USDJPY being my favourites in terms of setup. I decided to enter USDJPY as the ExMo high sits nicely inside 134.600 level that was prior support before the CPI data release.

Price has a local support level which is a semi breakout point too hoisted by the entry signals on the 1h and 30min charts.

Entry @8am filled at 133.347

12 авг. 2022 г.

Сделка активна

Position reduced by 25% after EURJPY broke the support & daily low. JPY gaining strength across the board so we're looking for the dollar to really drive this trade in the short term.

12 авг. 2022 г.

Сделка активна

Missed an opportunity to add the 25% back 11:06am as price tested the intermediary Sup/Res level. We do however have separation from our entry point and considering moving stop to 133.000.

12 авг. 2022 г.

Сделка активна

Stop moved to 133.140

12 авг. 2022 г.

Сделка активна

Stop moved to 133.252

12 авг. 2022 г.

Сделка закрыта вручную

Position closed manually 20:23pm to avoid daily financing over the weekend. Would need to have been in a comfortable profit position to risk holding given that.

Small profit on the day and we'll see if we missed out on a potential move next week.