USD/JPY AB=CD Confluence trade

٣١ أغسطس ٢٠٢٠

here we see a trendline break followed by a retrace to the 50/618 fib level where we have a large confluence of resitance including a resistance level, a trendline and all 3 moving averages.

٦ سبتمبر ٢٠٢٠

أغلقت الصفقة: تم الوصول لوقف الخسارة

Stop loss hit, small loss was taken. This has me curious as to maybe i moved my stop down too soon, and whether i should have left my initial stop at the prior high (106.959) and let the trade play out. Only time will tell.