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