GBP/JPY… when the ronin becomes a renegade

I have traded against my daily strategy to play the sterling-yen on the long side and entered short 2 times. The first entry was on on bar 1 on a downside break of the daily pivot level. Stop loss got hit at the EMA50. The second entry was on the downside breakout after a high wave candle near the trend resistance. Held this position for more than 2 hours before the pair started to move lower but the momentum reversed at the daily pivot point and I decided to take profit to bring the two trades near break even.
Even though I think both were valid setups I still have the feeling that I trade too much on the noise failing to find any underlying trend.


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