Target hit on $/JPY for 8.6R, now playing the last leg down

28 באפר׳ 2021

After the strong up trend the momentum slowed down and made bearish divergence. However i only enter divergence if it is double top/bottom after a strong trend. First opportunity to enter was on a classic swing swing around the 50 MA after momentum slowdown. I then added 2 more positions on swing trades after reversals. All positions exited at 107.7 for total 8.6R. Now playing the potential last leg down to at least test the last low, entry 108.65-60, stop 109.12, target 107.70 for 2R trade. After that we might see trend reversal and play it to the up side if momentum reverses or we get opposite swing trade

29 באפר׳ 2021

הערה

Trade stopped out for a loss.