JYP part 2 14:50Open Trading set-up....
JYP the trend is down, so I have more reason to hold down, still using the exact same taget and exit.
Short 108.16
Rule: Forex moves in 240 minute waves or 4 hour ranges, therefore
if the 41 pip target hasn't reached by the 4 hour block, it's often a
good strategy to take profits.
JYP:- short trade :- At 3pm Aussie time my JPY trade hasn't completed
my target, so I'll partial exit the trade, but move stops to a dollar
stop :- average out my profit and run stops to match nothing to
lose.
Partial exit 108.09 + 7 (stops 108. 22)
Target Thursday's low, or close to it, hopefully going to align it with a pink to pink move, if it continues down....
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EURO and AUD
Euro stopped on open position at breakeven.
Dumped AUD @ 8333 +13
