USDJPY Short 29 Apr 2020: Stopped Out! 0.67R Loss

USDJPY has been consolidating in a trading range until it broke below its SR zone at 106.92-107.08.

USDJPY 4-Hour Chart

I entered short at 106.751 on 29/04 after USDJPY retraced up to the SR zone. I placed my SL at 107.05 and TP at 105.15.

USDJPY did move down initially but then started to meander. I moved my stop lower to 106.95 on 30/04 to lower my risk to 0.67R. 8 hours later my stop was taken out by a spike move up at 106.951. 

Disclaimer:
Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.