GBPJPY has shifted to bearish.
Every retest to Key levels of interest like former support may be considered good short opportunities.
GJ has high ADR and volatility too.
So, SLs must be far away provided that lot will be minimized. Risk 1%-3% of your balance per trade. Never fall into the trap of revenge trading.
If market doesn't follow the initial possible price action, change your plans and go the other path. Just like a robot. Do not hope that it will return.
If you loose the trade it is what it is. Do not feel shame, anger or guilt. There will be other trades too.
SLs are not just a price few pips below support or above resistance. No tight things. It must be below/above the HH/HL, LH,LH respectively. There lies the structure and the trend. This is when the market changes direction. BoS.
Every retest to Key levels of interest like former support may be considered good short opportunities.
GJ has high ADR and volatility too.
So, SLs must be far away provided that lot will be minimized. Risk 1%-3% of your balance per trade. Never fall into the trap of revenge trading.
If market doesn't follow the initial possible price action, change your plans and go the other path. Just like a robot. Do not hope that it will return.
If you loose the trade it is what it is. Do not feel shame, anger or guilt. There will be other trades too.
SLs are not just a price few pips below support or above resistance. No tight things. It must be below/above the HH/HL, LH,LH respectively. There lies the structure and the trend. This is when the market changes direction. BoS.