Price has retraced and collected the first order at 0.9510.
Price has then drifted until a small spike down hit the stop loss exactly at 0.9480.
Price has now made the move up and is trading at 0.9521.
I have been stopped out for -0.5% and yet I was correct with the direction and timing of the trade.
I will work on a better level for the stops.
Chart below:
AUD / JPY Update:
Price has now moved up and is trading at 93.95. My entry was at 93.40.
This one also hit the stop perfectly, although I was able to reduce the risk down to 0.16%
Chart below:
I will update again when the next strategy trade has been identified.
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