Forex Trading 2018- TA/FA- Setups and discussion, page-69

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    Ok so following up from last night's 12h trade diary post, none of the 4 setups triggered an entry because the entry level wasn't hit. So moving on to this morning, I have got 2 setups as follows:

    Market: EURJPY
    Chart timeframe: 12h
    Setup type: Spike low retest cont'd / Hammer
    Direction: Long
    Entry level: 135.245
    Stoploss level: 134.804
    Pips at risk: 44.1
    Equity at risk: 1%
    Take profit level: 135.686 (44.1 pips)

    Market: USDJPY
    Chart timeframe: 12h
    Setup: Spike high retest cont'd
    Direction: Short
    Entry level: 112.191
    Stoploss level: 112.608
    Pips at risk: 41.7
    Equity at risk: 1%
    Take profit level: 111.774 (41.7 pips)

    Will post an chart/update if an entry is triggered, otherwise again tonight with possible new setups on the close of the current 12h bar.

    Cheers, Sharks
 
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