JLJ002500

EURJPY - Trade Journal - Short Entry

Short
JLJ002500 Updated   
FX:EURJPY   Euro / Japanese Yen
0
EURJPY


Higher risk trade (lower expectancy), but favorable risk/reward.

Resistance held. Looking for a retracement. Support ~ 130.199. I'll watch PA at that level (assuming it retraces). Stronger support ~129.50. I plan on taking profit before that time, if the trade goes according to plan.

NOTE: Not recommending this trade.
Trade closed manually:
Took profits at 130.559. (38 pips). The RSI on the 1H chart looked like it could retrace to entry or beyond. Could potentially take another short position if it looks favorable.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.