USDJPY 1 H Inside Channel Short Trade

Pair bounce back into channel short. I am looking for a long pull back on a 15 m chart to enter this trade. Then I will take 1/2 of my position at the support level of 111.80. I will trail stop my position from there to the bottom of the channel.

Yorum:

15 m chart gave me an entry @112.58. My 1st take profit will be at 112.03 where I will close 1/2 of my position and then let the trade run to my 2nd TP @ 111.80. I will use a trailing stop following price as it falls. I will lace my SL at the high of the previous candle price is at. Then I either hit my target or still get profit if the trailing stop is hit.