Quick market update:
1. NZD/JPY is moving towards point of continuation after reversal, and it is close to point of entry. TP - first at the 80% of swing down. RR is close to 1 - acceptable.
2. EUR/CHF - doesnt formed a good retracement so I'll stay out, moreover the magnitude of move down is too large - risk reverasl parameter in this trade would be lesser than one so it is a second reason to stay out of this trade.
3. EUR/USD is moving down as expectes, so does 4. GBP/JPY.
5. EUR/JPY (not present in this picture) is breaking trendline at this moment, so we are waiting for a BPC setup.
1. NZD/JPY is moving towards point of continuation after reversal, and it is close to point of entry. TP - first at the 80% of swing down. RR is close to 1 - acceptable.
2. EUR/CHF - doesnt formed a good retracement so I'll stay out, moreover the magnitude of move down is too large - risk reverasl parameter in this trade would be lesser than one so it is a second reason to stay out of this trade.
3. EUR/USD is moving down as expectes, so does 4. GBP/JPY.
5. EUR/JPY (not present in this picture) is breaking trendline at this moment, so we are waiting for a BPC setup.