GBPJPY LONG TO 155.800 (BUY LIMIT)
We have entered a new zone and price has maintained its presence within and has remained disciplined and not closed below.
If price closes below, trade will invalidate itself.
If price closes below, trade will invalidate itself.
Comment:
Price took off without retesting buy limit level (1.1pips away). Will keep buylimit level active for London Session for potential rest.
Trade closed: stop reached:
STOP LOSS HIT
Stoploss was to tight and price action clipped us out before heading up in our intended direction. On outlook could have set the entry price at 155.040 at next major structure point of this timeframe, and with a 10pip SL we still would be in this position.
A learning curve to take note of.
Stoploss was to tight and price action clipped us out before heading up in our intended direction. On outlook could have set the entry price at 155.040 at next major structure point of this timeframe, and with a 10pip SL we still would be in this position.
A learning curve to take note of.