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
. 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
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