Looking for signal to produce continuation

١٢ أغسطس ٢٠٢٢We got a double confirmation signal this morning across multiple JPY pairs, EURJPY and USDJPY being my favourites in terms of setup. I decided to enter USDJPY as the ExMo high sits nicely inside 134.600 level that was prior support before the CPI data release.

Price has a local support level which is a semi breakout point too hoisted by the entry signals on the 1h and 30min charts.

Entry @8am filled at 133.347

١٢ أغسطس ٢٠٢٢

تم فتح الصفقة

Position reduced by 25% after EURJPY broke the support & daily low. JPY gaining strength across the board so we're looking for the dollar to really drive this trade in the short term.

١٢ أغسطس ٢٠٢٢

تم فتح الصفقة

Missed an opportunity to add the 25% back 11:06am as price tested the intermediary Sup/Res level. We do however have separation from our entry point and considering moving stop to 133.000.

١٢ أغسطس ٢٠٢٢

تم فتح الصفقة

Stop moved to 133.140

١٢ أغسطس ٢٠٢٢

تم فتح الصفقة

Stop moved to 133.252

١٢ أغسطس ٢٠٢٢

تم إغلاق الصفقة يدويًا

Position closed manually 20:23pm to avoid daily financing over the weekend. Would need to have been in a comfortable profit position to risk holding given that.

Small profit on the day and we'll see if we missed out on a potential move next week.