Entered short in Eur/Jpy. Red Line = Stop loss
Black Line = Entry Point
All Green Line = Closed part of the trade
2nd Red Line = Stop Profit
Blue Line = Take Profit
From the chart, we can see the downwards wave formed, HH-HL-LH. The indicators are showing signs to short too, QQE below 50 and CCI is red.
There was another signal on the chart too. From the arrow drawn on the Candlestick chart, we can see the price was sloping upwards since the day had started. But when we look at the indicators, both QQE and CCI are sloping downwards instead during that period. This means a negative divergence has formed.
Stop loss was constantly reset (to stop profit) during the trade to secure my profit, in pre-caution that the price might reverse, for any reason.
Update (23:02) : Closed half of the trade at price 135.00
Update (23:18) : Closed half of the trade again, at 134.59, near pivot level price
Update (01.16) : Stop Profit Hit
*I do not consider this as a counter-trend trade using the trend from last week as I'm trading on 15M timeframe. News might have affected the currency rates during the weekends.
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