Short Short

OANDA:GBPJPY240

GBP/JPYOANDA

Description

⋅ Jan 10, 2020 7:28 AM

GBP/JPY has hit its daily resistance, the pair is now in a short.

Comments

daemon1

⋅ Jan 10, 2020 1:12 PM

Don't you think the soft Yen figures will prevent this from happening?

UnknownUnicorn4019750

⋅ Jan 10, 2020 5:09 PM

@daemon1, This was in the back of our minds however with the correct risk management and compounded sell stops we have successfully gained 5% at a risk free swing trade.
We will break down how we structure our trades over this weekend.

daemon1

⋅ Jan 10, 2020 5:57 PM

@paen, well impressed!

daemon1

⋅ Jan 10, 2020 5:58 PM

@paen, you were the only trader out there saying short. Everyone else was so sure it would go long for gbp/jpy

You were right!

UnknownUnicorn4019750

⋅ Jan 10, 2020 10:00 PM

@daemon1, GBPJPY is a tricky pair to trade but once you cracked the patterns you'll do well

daemon1

⋅ Jan 12, 2020 8:18 PM

Are you still in on this trade?