I placed an entry order at the 50% retracement level of the range of today's candle.
My stop is below the low of today's candle.
Target is at 2R, which is also about the 161.8% extension level.
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-07-03 USDJPY Long Counter Trend Down Horizontal Support Pin Bar retrace
My stop is below the low of today's candle.
Target is at 2R, which is also about the 161.8% extension level.
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-07-03 USDJPY Long Counter Trend Down Horizontal Support Pin Bar retrace