Short trend on US dollar pairs allowed me to sell the UsdJpy. According to my trading plan this trade was nic and clear. In my trading style, the trend corrections are realy important. I want to see the trend but i also want to sell the high price. For this technique the corrections (pullbacks) are just the best instrument.
Price was breaking low’s, than corrected to high price and that’s the place where my position came into the game. Short 106,50 with SL above the HTF highs . . . I mostly keep the SL a bit bigger, because of the room it gives me. Than the target was set to 105,95 and was not hit by first short swing. So I moved my SL and was waiting until another LowerLow came to me. Exit closed +54 pips.