GBP/JPY LOOKING FOR A SHORT (13 NOV 2018)
I am looking for a short position in Gbp/Jpy as I see there is a supply on H4 time-frame at (148.094-148.502) & (148.899-149.208)
As I look deep in small time-frame which is at m30, there's a base at price which is I prefer to put my position 1 at 148.364 there for a small risk. My stoploss is 10pips above 148.512 (148.612). My take profit 1 is at 146.334.
my position 2 at 148.948 there for a small risk. My stoploss is 10pips above 149.411 (149.511). My take profit 2 is at 146.334.
Summary of position 1;
Entry ; 148.364
Stop Loss ; 148.612
Take Profit ; 146.334
Summary of position 2;
Entry ; 148.948
Stop Loss ; 149.511
Take Profit ; 146.334
As I look deep in small time-frame which is at m30, there's a base at price which is I prefer to put my position 1 at 148.364 there for a small risk. My stoploss is 10pips above 148.512 (148.612). My take profit 1 is at 146.334.
my position 2 at 148.948 there for a small risk. My stoploss is 10pips above 149.411 (149.511). My take profit 2 is at 146.334.
Summary of position 1;
Entry ; 148.364
Stop Loss ; 148.612
Take Profit ; 146.334
Summary of position 2;
Entry ; 148.948
Stop Loss ; 149.511
Take Profit ; 146.334
Comment:
Target is reached but it's Hit my Stoploss. Will backtest on it this weekend