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RichFish404
Mar 25, 2020 12:49 PM

Short Idea Short

U.S. Dollar/Japanese YenFXCM

Description

Interested in seeing if this ascending flag with break and reverse trend. A flag is only a continuation pattern if the the flag forms angle that is OPPOSITE to the existing trend. Lets see what happens. Will enter at break 110.389 with TP @ 108.511 then trail my stop

Trade active

Woke up to a nice breakout...trade entry activated & added 2nd position at 110.266

Comment

2nd TP 107.041

Comment

TP 1 hit and closed...

letting 2nd position continue to run.

Trade closed: target reached

@108.511

Trade active

for position 2 ... no official tp target but moved SL to breakeven

Trade closed manually

took profits at 117.883 ..will re-enter after pullback

Trade active

Jumped back in at (1) 107.536 TP 105.280 (2) 107.605 TP (Trailing stop)

Comment

took profits and trailing stop... awaiting break of 107 to add to position.

Trade closed manually

closed 2nd position ..took profits at 107.51
Comments
Fx_Trader_ViSa
RichFish404
@vivek_samale excellent...classic price action
RichFish404
Woke up to a nice breakout...trade entry activated & added 2nd position at 110.266
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