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Michael.H
May 17, 2016 8:31 PM

GBPJPY - Short Position Short

British Pound/Japanese YenFXCM

Description

GJ is currently forming a nearly identical structure.

It's currently trading inside of a wedge and just made a new high before crashing down again. We could see it re-test the previous low and even break towards a lower one.

Trade with care as it can break towards the upside again.

Entry = 157.90
SL = 158.35
T1 = 156.00
T2 = 155.50

Comment

Sold off small part of my position at 90+ pips profit.

Still in this trade, SL, wasn't hit.

Comment

SL hit for rest of position, still in profit overall.
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