USDJPY 1M +4PIPS
Reasons for entering SHORT
- Entered on a red candle with notable volume a few candles after PA broke the 200EMA downwards
- I targeted to take profit when PA reach the double inverted shoulders from the previous low
The reason is because on M15 this bearish move looked like a correction since the overall trend was still bullish.
So I decided not to risk much.
Reasons for entering SHORT
- Entered on a red candle with notable volume a few candles after PA broke the 200EMA downwards
- I targeted to take profit when PA reach the double inverted shoulders from the previous low
The reason is because on M15 this bearish move looked like a correction since the overall trend was still bullish.
So I decided not to risk much.