FX:GBPJPY   British Pound/Japanese Yen
437 0 10
a year ago
Beautiful PA on this chart and EG as well. No better time for shorters to enter.

High RR means I am not too worried about losing this trade if it doesnt go my way. But if i got it right then i will be very happy.

I also drew a smaller fib which is where I will have my tp1 at the 618 retrace on the smaller retrace.
Coming back to reality...there is a very high chance that a wick will take out the stops placed above this current building of resistance, so it would be more than wise to either scale out or set a sl a little higher than what I have indicated. I am going to scale out so that SL i have will be my first exit point of a small position.

Anyway, gl to anyone who takes this trade and EG with me.
a year ago
Comment: Ok sorry to confuse you guys, when i meant my first take profit was the 618 fib i meant i will take out maybe 25% of my position at 184.8 ish to reduce risk and maybe even find a place to reenter to keep the same position but average it down
a year ago
Comment: easy money :). So i took profit and now only have 50% of original position open and just gonna let it ride for thousands of pips lol.

Your welcome.
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