Balance= $29 104 Position size = 0.7 lot ~ 2.5% risk of capital =========================================================================== Reasoning
Within the context of my previous analysis
Triangle breakout
Horizontal support breakout
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Comments
Technician
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Update 1: The Trade is active now
prashantfx
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EURJPY RECOVER AND WE ARE SHORT :-(
FullTimeTrader
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Good Luck! I entered yesterday. I will add on the HS neckline breakout. My last target is the D1 low (1.26) based on convergence-divergence setup like the AUDJPY.
AshleyWeyers
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Fulltime, your positions are the wrong way around?
FullTimeTrader
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hello, yes, i did a mistake and chose the inverted tool. The setup is very similar to this one.
marcus123
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stopped out also. think the 200 and 100 sma on the D1 were always going to be problematic/ a potential bounce point . We'd also gone from weekly support pretty much straight to weekly resistance and the natural move /path of least resistance was back to weekly pivot
Roncriss
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Am Selling this from here.
andrein
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looks still ok for a short, as i missed the trade when you posted it..
dynoinc
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Ye I got stopped out also for a 70 pip loss. Was a winner for 20 pips profit before it turned around. Thats technical anaylsis for you; its just an edge it doesnt have to do what we think it will…. on to the next one...