Summerset

GBP/JPY :- Trade Managment (31/10/2023)

Short
OANDA:GBPJPY   British Pound / Japanese Yen
This position is underwater (showing -ve P/L). I will take a 1/2 size loss,Raise stop on remaining 1/2 size to 184.3/4,on premise that BOE meeting coming Thursday will be a dovish event for Sterling. Target remains same @ 179.50.

It is also possible to take the remaining 1/2 size short out at break even on a retraction to the MA 200 on the 1HR time frame.

Profitable Trading
Summerset
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