EUR/JPY 15m Short

Another nice valid day-trade setup here.

Break below 15m structure, below 50EMA, room to the downside. 4HR is in consolidation, but the S&P 500 is in correction mode so the risk-off appetite may push this into the lows of the range again.

SL @ B/E at 1:1. Target slightly over 2:1 due to a late entry with better RR.

Fell like a rock after I entered, but we'll see how it plays out. I have a roughly 48% chance of winning this trade.

Edit: S/L already at break-even. This was a very fast moving trade, I am lucky I got into it when I did.

Trade closed: target reached:

Nice 2.17% winner. Onto the next :)