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Hammoud8721
Jul 22, 2020 4:43 PM

USD JPY update Short

U.S. Dollar/Japanese YenFXCM

Description

Hey guys, in my previous idea I saw the breaker block on the lower timeframe, I just noticed that the breaker block is actually a bit higher, if we look at the one hour timeframe, so my sell entry will look like that. I’ve already shorted now, and will look to add to my short if price decides to retest the higher breaker block

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Hey guys, so the pending sell limit got triggered, and I’ve added more sells along the way, currently have 3 sells running and will move stops to risk free once price clears the vicinity

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Hey guys,
so as expected we had a beautiful sniper entry of the order block, and here's a snap shot of current price.

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Hey guys, so I’ve decided to pull out 80% of my position and leave the rest running until the lows shown in the idea, also I’ve moved my stops to break even with the lowest sell entry, so if price reverses then I’ll end up with 2 sells in profit and one sell at break even. Keep in mind I’ve only done this after securing 80% of the profits. Position size was 1.5 lots, and is currently at 0.3 lots.

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Just a quick update, still going down, I removed my tp, and will wait for the accumulation phase to take profits manually because I believe it will go lower than my TP

Trade closed: target reached

Tp hit
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