June 22 Pound-Yen long and development completed
The major update has been completed. I’ll cover what changed on the product page.
Today's trade took only a few minutes to settle, but entering took a few hours.
First, a trade video.
First target was around the daytime in Japan. The 4-hour moving average was acting as a lid above, but the 15-minute and 1-hour MAs had a crossover.
After breaking above this, a pullback to go long was noted. Alternatively, a break below again suggested a short.
However it didn't move at all. I placed an alert line and left it alone.
It kept moving up and down within the MA. It was indecisive. The break above finally occurred after 7 p.m. I waited for a pullback to the MA.
Instead of returning, it was briefly pulled back by the pivot, but then attacked the pivot again. I judged the momentum to be upward. Currency strength supported the move as well.
With the mindset that even if it retraced to the lower MA, I would enter. I planned to reduce the initial position and add to the main position at the MA.
A smooth trade after a long time. 8 pips target in 3 minutes 44 seconds. Ended there.
