GBPJPY Trading Idea (TP HIT)
Not too long after our last trade, I executed a sell stop order for the short trade you see on screen.
This trade was a 2.5:1 RR, so not as big of a gain as last time.
As I've said in a previous post, anything above 2% is absolutely fine with me, so long as I only risk 1% per trade, which I have been doing religiously.
I wasn't too sure about this trade as I didn't know what direction price would move.
After the long trade I did the other day, I saw price plummet once it hit the level of resistance, as seen on my chart.
Therefore, I then set the sell stop and waited to see if price would break through the level of support and continue to the downside...
which it did.
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This trade was a 2.5:1 RR, so not as big of a gain as last time.
As I've said in a previous post, anything above 2% is absolutely fine with me, so long as I only risk 1% per trade, which I have been doing religiously.
I wasn't too sure about this trade as I didn't know what direction price would move.
After the long trade I did the other day, I saw price plummet once it hit the level of resistance, as seen on my chart.
Therefore, I then set the sell stop and waited to see if price would break through the level of support and continue to the downside...
which it did.
Follow me for more Trading ideas!
Penafian
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