USDJPY long

18 May 2020

FOR
Only JPY news today. There was positive news but no impact - so assume wants to go up. USD is best match.
Space on 4H stoch
Tried to go through EMAs and rejected with volume
Broken and tested trend

AGAINST
Very near resistance but keeps bouncing up to it. Very 'visited' resistance
Stoch quite high
No volume with current activity - market is active and blinking

STOPLOSS
Behind 1h, 4h, d ema.

ENTRY TYPE
Order - expect to be triggered 13-14.00 UTC+2
(Should i be only 2 trades - 1 with an intemediate TP?

RR
2.5 : 1

Barriers to TP
Immediate resistance
Resistance at 95%TP


NOTES
I've revised summary page - less emas and added summary window to show currency strength.
4h due to cross d - i think that will give a boost.
Should I be giving a little more space from resistance?






investing.com/economic-calendar/

01:50 JPY GDP (QoQ) (Q1) -0.9% -1.2% -1.9%
01:50 JPY GDP (YoY) (Q1) -3.4% -4.6% -7.3%
06:30 JPY Tertiary Industry Activity Index (MoM) -4.2% -0.7%

18 May 2020

Not

Made a 1h summary for USD - should be 4h

18 May 2020

Not

Price couldnt break 15 min Ema

18 May 2020

Not

Im holding my nerve for the entry - i pulled my entry slightly lower making 3:1. (Note im messing with trades again)

19 May 2020

İşlem elle kapatılmış

Trade closed both currencies are weak - 0.25% profit

19 May 2020

Not

LESSONS LEARNT

The trade went to target - without too much hassle in retrospect. Exactly the same as before I'm messing with the trades too much.







At the time it was the flattness of the 2 currencies that was bothering me