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BE.FX

4HR Trendline Break and Retest

Short
Euro / Japanese Yen (FX:EURJPY)  
BE.FX Updated   
FX:EURJPY   Euro / Japanese Yen
Support and Resistance Supply and Demand nakedtrading breakouttrading breakandretest EURJPY eurjpyshort
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supportandresistance supplyanddemand nakedtrading breakouttrading breakandretest eurjpy eurjpyshort
EURJPY

4 Hour
snapshot

The short trigger based on a 4 hour breakout of the ascending channel. I set a sell limit to enter on the retrace which got hit while I was sleeping.
I think I could and should have entered set the order a bit higher closer to the break point.

I only entered half my usual lot size as I wasn't able to monitor the trade. Price moved nicely in my direction but was unable to close the position out before the market closed so unfortunately I'm left holding this over the weekend. To make matters a tiny bit worse my stop was set at breakeven, so I'm hoping for no gap or a gap in the short direction. Fingers crossed.

Entry: 126.359
Stop: 126.359 (trailing every 20 pips)
Target: 125.475

Trade closed manually:
Closed out .02 of my position for +$2.82 (please don't laugh)
Remaining .03 closed at breakeven
Comment:
1 DAY LATER
snapshot
Comment:
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