matpjoe
Long

GBPJPY big reward waiting after ranging condition

FX:GBPJPY   British Pound/Japanese Yen
a year ago
GBPJPY             currently strugling to break between 100pips of its high-low position, strong support at decision area giving me idea that the pair is going to continue climb and break the resistance. However i would be more cautions if the price comeback again at decision area. It could be a downtrend continuation. Always lock position at 30 pips
a year ago
Trade active: TRADE ALREADY ACTIVE
a year ago
Trade closed manually: As expected a pullback occur, possible downtrend continuation if it close below my decision area

Related Ideas

JamesTrades
a year ago
Why is your stop so large? If GJ went half as far down you would be in a bad situation.
Reply
matpjoe JamesTrades
a year ago
This trade is set to 1:1 reward ratio. If the price going south and break the support, pullback is expected around the decision area. This is where I could minimize my loss.
Reply
matpjoe
a year ago
alternative
Breakout and pullback
Reply
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