Had shorted this pair since Friday last week. Add some during Monday as part of the Monday accelerator Strategy and trade plan. TP is the weekly pivot. This pair range is suitable for this type of strategy.
After shorting of a total of 6 position with a total +286 pip . Long the pair as it hit demand. Target at the recent high for this week.
Didnt quite get to its potential on this trade. Didnt even reach my TP untill it shows massive sell. Hence had to close the trade for only +30 pip.
Really feeling dissapointed on this trade. Market decided not to give ...
Nice swing for the EURJPY. 1:10 RR , strong move with very little time price spent at the supply area. Meets the criteria of a rally base drop. Small risk for 22 pip with a 220 pip reward.
Who's with me ?