SS GBPJPY Long + 104 Pip Potential

Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.

Entry = 132.80
Stop = 132.55
Risk = 25 pips
Profit target = 133.84 ( The projected daily High )
Reward = +104 Pips
RRR = 4.16 - 1

Allen

Trade active:

This trade has been triggered and is now active :)

Trade closed: stop reached:

Unfortunately, this one did not work out :(

Comment:

And the reason GBP collapsed:

UK’s NIESR sees one in ten chance of a UK recession slump