JheonFX

USDJPY Trade Journal

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY was inside my key level support and a trendline break happened to the upside at 1H tf. I was not satisfied with this break so I went to 15min chart. After price breaks out from the support box, I was monitoring candle stick confirmation when price comback at my support box. I entered my trade after the engulfing candle pattern, stop loss below box and tp would be at resistance level.

I was on a drawdown but I am prepared to lose this trade. Fortunately, price goes my way.

If price breaks this bullish trendline, I'll cut my trade then re-enter considering with my rules.


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