Strategy:Trend channel support bounce
RRR:1.65 to 3.5 :1
Trade time expectancy: TBD
Entry, SL, and TP justifications:Entry at HH/HC - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:Sell 40k units at target 1 and remainder 40k at target 2 (close sell entry orders if hits SL)
RRR:1.65 to 3.5 :1
Trade time expectancy: TBD
Entry, SL, and TP justifications:Entry at HH/HC - SL at 1/3 Daily ATR beyond channel - L1 TP at midpnt - L2 TP at 1/3 ATR inside channel opposite
Notes:Sell 40k units at target 1 and remainder 40k at target 2 (close sell entry orders if hits SL)
Trade active:
Within parameters - no change / JPY pairs moving strongly in favor of JPY following FOMC
Trade closed: stop reached:
No issue with trade set-up noted / review