JLJ002500

EURJPY - Currently short. Range trading. (Trading Journal)

Short
FX_IDC:EURJPY   Euro / Japanese Yen
Never a great decision to enter a position without much conviction or solid reasons why, but that's where I am with this trade. EURJPY, has been ranging/consolidating, etc. Currently I am more bearish than bullish. I have taken advantage of a few opportunities with good risk/reward to go short and long over the last few weeks (or longer). Most have been short time frames. Majority have worked out, but I have been quick to take profits which have keep gains modest. I've been mostly using 4H for trading decisions (timing) and 4H/1D for support/resistance and direction.

Today, placed a sell limited order at 135.90, with SL @136.20 & TP @135. It was partially filled earlier today.

As mentioned, I don't have much conviction about this trade, except that it has decent risk/reward. I've found it difficult this week to get a good feel for what EURJPY is doing.
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.