GBPJPY SS Short + 101 Pip Potential

Price is below the Daily and 15 KS (but above the 60 KS) as well as the cloud. This is a Type 2 trade with a High probability and good RRR.

Entry = Sell on a CLOSE be low the 60 KS (127.153
Stop = ??
Risk = 25 pips
Profit target = 126.12 ( The projected daily low )
Reward = Approx 101 Pips
RRR = 5-1

I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen

Trade active:

This trade has been triggered and is now Active

Comment:

Got in a little lower then I would have liked. Here are the trade parameters:
Entry = 127.08
Stop = 127.32
Profit Target = 126.12

Trade active:

Just a point of note there is UK news coming out in a little over an hour that will directly effect this trade. There is nothing wrong, in fact it is just the opposite, with banking profit and sitting on the sideline during the news.

Trade closed manually:

Going to close the remaining portion of my position here +5 Pips