I'm looking for a breakout of the small downtrend that has formed creating a triangle. JPY is very weak at the moment and the trade balance news that just came out doesn't look that good.
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
Commentaire:
Buy entry was triggered, but now we're getting some resistance from the larger downtrend, so good time to move SL to BE