I suggest you to place another BUY order, same lot size as your sell order. So you won't losing that much. Once it reach 159 or above then you could close your BUY position and place another SELL position on that point. Thats how i manage it when market against me. I sell GJ at around 158 last 2 week ago with 1.20 lots and i know it will go up and i place another 1.20 lot for buy and then i closed the buy last 2 days and now it drop back down so i end up with no lose and profit few thousands from it.
Thanks cleven1215 I appreciate your strategy and your suggestions but I follow a strategy with very strictly rules, if I get stopped out is fine, a loosing trade is ok I will get new opportunity, I can only enter after some few conditions otherwise I stay out and wait next week.. so far I'm doing good and I'm stick on it :) https://www.myfxbook.com/portfolio/2016/1247032
It alla depends from GBPUSD, if cable break down GBPJPY will short way much down without retracing to 159, it's just a matter of correlation USDJPY shorted brutally and also GBPJPY , if GBPUSD resistance at 1.4525 will be broken I still have good chance with this trade