EUR JPY 5 Min:
This was a non trend day, Price ranged after open then broke down forming a double bottom and pulled back. The first trade is an example of a Double pull back engulfing long entry with entry 1 pip above the engulfed candle breaking a mini TL and the second trade is a three push pattern with the 3 rd push failing and engulfing up (aka wedge variant engulfing entry). Entry 1 pip above the engulfed candle also broke a mini TL.
There were no deal breakers for either trade.
Trade management: After the first trade triggered it pulled back to 6.5 pips then shot up to 5 pips where I closed 80% at set SL to 7 pips. Price then pulled back another two times with the 3rd push failing and engulfing up . Half was closed at 3.3 pips as the break of the trend line occurred quickly then 10% was closed at 4, 5 and 8.5 pips. At this point the two positions were merged and the remainder was scalped up to 129.59 where the final TP was placed.
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