If you saw my post the other day, you'd have seen that I posted a GBPJPY trading idea.
Since market open last night, price reached my buy stop level, and then went on to hit my TP.
This trade was a 5:1 RR.
Not bad for a Monday morning...
Market conditions are a bit crazy atm, and volatility is definitely high within the yen.
You can either be on the right side, or the wrong side.
But it looks like this time, I was on the right side.
Follow for more trading ideas.
Since market open last night, price reached my buy stop level, and then went on to hit my TP.
This trade was a 5:1 RR.
Not bad for a Monday morning...
Market conditions are a bit crazy atm, and volatility is definitely high within the yen.
You can either be on the right side, or the wrong side.
But it looks like this time, I was on the right side.
Follow for more trading ideas.
When I first posted the idea on the 24th, price moved down and I hit my SL.
For the days following this, I observed price movement, and saw that price was still heading upward toward the level of resistance marked out on my chart.
My thinking was that if price attempted to break above this level again, that it would most likely follow suit.
The first time wasn't successful, so I just assumed it was a fake out.