REASON FOR THE ENTRY: This a "defensive" Short in order to recover a losing trade placed long ago, Cross of the 2 HULL Moving Average over an Andean Oscillator Buy Condition in 1-Hour Timeframe (2XHULL+AO1h), MACD 2 Hours is Bearish, MACD in the daily is Bullish as well.
I plan to close the trade as soon as I recover (Breakeven) the losing position
TYPE: SHORT
RISK: 0.02 Lots
PROJECTED R:R TARGET: BreakEven of the old losing position
Evolution of the trade in the comments section, below...
Same as the AUD/JPY pair, however here, the daily MACD is against us
For the moment, the "defensive" trade is becoming "offensive"...
TP set at 160.55 so I can BE the previous trade:
Going very bad!!!!
Still in the trade, now seems we have a signal on MACD 2h
Holy shit! is taking longer than expected, however, there is a nice pattern there...
This is becoming a nightmare...
8 days ranging....