EUR/JPY has drawn out a pennant over the last 14 hours or so. It could be argued that it already broke to the downside once and has since moved back into the consolidation range... but it doesn't matter that much to me, since exits are far more important than entries. Here are the orders:
Pending order(1): Short 4,442 EUR/JPY at 124.11
Pending order(2): Long 2,221 EUR/JPY at 123.11
Initial stop: 125.11
Initial exposure: 100 pips, $44.42 or 15.00%
Current closed equity: $296.20
Current position: flat
Current exposure: 0
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