ProSTrades

#GBPjpy ... the LONG and SHORT of it.

Long
ProSTrades Updated   
FX:GBPJPY   British Pound / Japanese Yen
Two trades I'm eyeing for this new week...

The LONG: I'm currently in this position from Friday - one at 145.00 and added at 144.80. Targeting 146.00

Then will flip that...

The SHORT: Will enter in and around the 146.00 levels, targeting 144.00 and slightly under.

I'll reassess once these moves take place or look for clues that would negate this plan. Those 2 trades alone will net 300 pips, which would be a great week.

NOTE: My stops on these charts are more mental stops than hard stops. I fully understand my risk and leverage accordingly so for some, the draw down may be too much, for me it isn't; proper risk management.
Trade closed manually:
The LONG trade has been closed.

With a position at 145, then at 144.80, and a final one added at 144.30, the trade was closed out at 145.85 overnight (US time).

Total pips accumulated on the up move closed out for 330+ pips.

The SHORT trade has not been executed yet (and may not).

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