$100k Challenge - CADJPY Short - Trade Review - E43 T1
Hey all!
We have a new activity on the challenge!
Unfortunately, on this occasion, it is about a stop loss. I consider this to be a normal stop loss from the strategy, as in hindsight, when executing the trade we had strong technicals signaling a potential bearish continuation.
However, as the trade developed, even though there was an initial bearish movement, the sellers didn't have enough strength to keep the market making significant progress, to then start making a strong bullish impulse, ending up above the resistance area.
Now, speaking of where the market might head, I'm looking toward a potential upside continuation depending on how the price forms the retracement after the resistance break. If we end up seeing strong bullish signs, I consider entering into a buy trade can be a good call.
I hope everyone enjoyed today's update!
Until the next trade!
We have a new activity on the challenge!
Unfortunately, on this occasion, it is about a stop loss. I consider this to be a normal stop loss from the strategy, as in hindsight, when executing the trade we had strong technicals signaling a potential bearish continuation.
However, as the trade developed, even though there was an initial bearish movement, the sellers didn't have enough strength to keep the market making significant progress, to then start making a strong bullish impulse, ending up above the resistance area.
Now, speaking of where the market might head, I'm looking toward a potential upside continuation depending on how the price forms the retracement after the resistance break. If we end up seeing strong bullish signs, I consider entering into a buy trade can be a good call.
I hope everyone enjoyed today's update!
Until the next trade!
