GBPJPY SS Short + 104 Pip Potential

OANDA:GBPJPY   British Pound / Japanese Yen
Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR .
2 Potential entries (it is one or the other, not both)
Entry = 140.69 (60 KS)
Stop = 140.89
Risk = 20 pips
Profit target = 139.65 ( The projected daily low )
Reward = 104
RRR =5.2-1
2nd Entry = 140.25
Stop = 140.55
Risk = 30 pips
Profit target = 139.65 ( The projected daily low )
Reward = 60
RRR = 2-1
Trade active: This trade is positive +2 Pips. I am going to bank half my position and move my stop to flat.
Please note the the UK CPI is scheduled in an hour and 1/2
Trade closed: target reached: Closing here 10 pips before the Profit target since it ripped down here. Someday's it's easy :)
+1 Reply
AGold54 carlosbanega
@carlosbanega, Thank you :)
Great trade
+1 Reply
AGold54 Skucchal
@Skucchal, Thanks :)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out