TRADE, USDJPY, 18.11.2016

TRADE SUMMARY: market reached a nice flip zone with supply at the highs. Being overextended, it was a good place to short. Unfortunatelly, the bulls were strong enough to push higher. The range suggested it at one point and at second that I should exit. Too slow to adapt.

Pattern

  • SDZP

Good:

  • Good area of confluence to play

Bad:

  • Too slow to adapt

To Improve:

  • Must adjust rules for market expiration when trading range like this

Result:

-1R

SCREENS: D1

H1

Y

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