Last two trade where long
EUR/JPY and short
USD/NOK but unfortunately things didn't worked as planned and I was forced to close both of this trades at a loss. At one point on my long EUR/JPY trade (see
Figure 1) I was -100 pips in red but I wasn't willing to close it because the 138.00 daily support level was holding the price and there was a high probability that we'll get a minor bounce from there.
Figure 1. EUR/JPY 1h Chart
I decided to play it defensively and take a small loss of only -34 …