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STMFX
Mar 17, 2021 11:24 AM

GBPJPY UPDATE Education

British Pound/Japanese YenFXCM

Description

trade moved bullish how I expected so I moved my SL to break even for a safe trade. However, during this trade I was wary when noticing a consolidation zone (red circle). When rejecting I closed 50% of my trade earning me 10 pip (151.850) leaving the other 50% to run. The second candle formed (marked on graph) closed out my second trade giving me 10/20 pip profit.

Always look left, consolidation zones can reject your move!
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