Chart time frame - H4 Timeframe - 3-4 Days Actions on - A – Activating Event Currency Pair creating a Double Top . Currency pair will move south to the @112.550 level. B – Beliefs Market will be rejected at @113.850 level and move towards the first Target 1 level @ 112.550 level.
Trade Management Entered @ Still waiting for confirmation. Will wait until the High Importance news report comes out for the CPI JPY Stop Loss @ 114.150 Target 1 @112.550
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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No effect from the CPI news report as of yet
Trade active
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Entered trade @ 113.62. Stop loss & Target no change
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Trailing stop position changed to entry level. Trade working out well and going as predicted :) It all works out if you follow your trading plan!!!