Shorting zee USD/JPY 4H

13 Tem 2020

USDJPY

Following on from RiskCalling's idea here:

Taken a short trade after long tailed rejection from consolidation range, and tagging previous support zone.

I've waited for this to set up on the 4H as opposed to the 1H, in hopes of more significance coming away from the 107.300 area.

14 Tem 2020

Not

Entering a trade which immediatly sends you offsdie🙃

Rather than rant about how the market is out to get me, a more constructive use of time is see if a lesson can be learned.

In this case, i think overall my reasoning was ok, however exercising paitince and waiting for better rejection signs off the oringal level would have been better.

Fortunately, so far my stop has not been hit and zooming out to the daily and weekly charts my bias is still bearish.