GBPJPY LONG
After a great impulse upwards, we had a 50% retracement where the market has found support. Looking for another wave, after a few failures to break downwards. It is a little bit risky, but risk/reward is within my personal criterias.
Entry: 142.80-142.90
SL: 142.27
TP 1: 143.55
TP 2: 144.33
TP 3: 145.50
TP 4: 147.00 (Swing)
*Risk management is KEY!
Entry: 142.80-142.90
SL: 142.27
TP 1: 143.55
TP 2: 144.33
TP 3: 145.50
TP 4: 147.00 (Swing)
*Risk management is KEY!
Trade closed: target reached
TP 1 HIT! +65 Pips. You can put SL at break even for a stress free trade.Trade closed: target reached
For those who held original entries and didnt adjust stop loss. Target 2 was hit, +140 pips.Trade closed: target reached
TP 2 HIT! +260 pipsTrade closed: target reached
TP 4 HIT! +410 Pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.