Alex.Singletary
Short

Intraday Trade Idea GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
165 0 4
Divergence spotted with a massive Range expansion bar to the downside. Good luck
Comment: For money management purposes one could put stop at break even at this point, or take half off and secure the rest of the trade
Comment:
snapshot
also for what its worth, I do occassionally check the Heiken Ashi Chart against my bar chart to confirm holding the trade for intraday trades. As you can see, we are again red, and the top of the heiken ashi candle is flat. As long as price doesnt break that, we should continue towards target
Comment: I went with the "take off half and secure rest of trade" option. I was able to snag roughly 30 pips and the rest was risk free. Had I not made that change, you can see this trade would have been stopped out. This is why MM is so important, especially for larger accounts.
Trade closed manually
Comment:
snapshot
this is what we were waiting for :D
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