EURJPY - Pinbar rejects resistance + possible bonus breakout!
Pinbar formed at the top of wedge resistance. This wedge is getting tight and will breakout soon.
Trade started well, but when a large bullish pinbar appeared, I decided to reduce risk, especially as I had already had quite a few loses this week. Moved SL to BE.
Price then climbed higher, hitting the stop loss, and then retreating lower to hit the target (Argh!!).
Trade started well, but when a large bullish pinbar appeared, I decided to reduce risk, especially as I had already had quite a few loses this week. Moved SL to BE.
Price then climbed higher, hitting the stop loss, and then retreating lower to hit the target (Argh!!).
