$100k Challenge - CADJPY Short - E17 T1 - Trade Review
Hey all!
Well, another hit to the challenge haha. This was one of the first few trades taken for the challenge, however, the CADCHF trade is effectively acting as sort of a hedge to this position, so it's a matter of monitoring how that trade evolves.
Regarding this specific setup, originally I missed a few patterns that made this entry not so ideal, however, in the end, we did see an initial bearish rejection from the resistance that just didn't manage to have enough momentum for pushing this trade into profits. So, I'm comfortable flagging this trade as just another regular SL of the system.
Anyway, that's it for this update!
Well, another hit to the challenge haha. This was one of the first few trades taken for the challenge, however, the CADCHF trade is effectively acting as sort of a hedge to this position, so it's a matter of monitoring how that trade evolves.
Regarding this specific setup, originally I missed a few patterns that made this entry not so ideal, however, in the end, we did see an initial bearish rejection from the resistance that just didn't manage to have enough momentum for pushing this trade into profits. So, I'm comfortable flagging this trade as just another regular SL of the system.
Anyway, that's it for this update!
