GBPJPY, 1hr tf, inverted cup and handle to materialized
Hello my friends,
Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time.
Here are some of my positions which hit SL
GBPCHF pairs for -50 pips
USDJPY pairs for -45 pips
For today i am gonna trade lightly with GBPJPY pairs.
I am using 1hr time frame for today as i spotted a possible entry.
There is a possiblity inverted cup and handle is forming.
Price now below the kumo cloud which is red colored.
We got parabolic SAR above the price indicating sell pressure on it.
Sell GBPJPY 136.45
Stop loss 137.00
Take profit 1 @135.90
Take profit 2 @135.35
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck
Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time.
Here are some of my positions which hit SL
GBPCHF pairs for -50 pips
USDJPY pairs for -45 pips
For today i am gonna trade lightly with GBPJPY pairs.
I am using 1hr time frame for today as i spotted a possible entry.
There is a possiblity inverted cup and handle is forming.
Price now below the kumo cloud which is red colored.
We got parabolic SAR above the price indicating sell pressure on it.
Sell GBPJPY 136.45
Stop loss 137.00
Take profit 1 @135.90
Take profit 2 @135.35
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck