GBPJPY Long - The last of the correlations
Updated
So also long on a pending trade in GBP weakness last night.
At start of equity US open all GBP pairs moved down a bit.
As risk across 4 trades is 6.87%, going to adjust risk on some of these as my trading plan is max 6%.
At start of equity US open all GBP pairs moved down a bit.
As risk across 4 trades is 6.87%, going to adjust risk on some of these as my trading plan is max 6%.
Trade active
Initial Trade : GBPJPY Risk 1.61% 1.5RTrade active
Stop moved to 154.47, Risk 1.13% now.Still leaves 5.06% risk on table, but that is below my 6% limit.
Trade active
Holding for now, consider further SL move especially due to 4 hour trendline, which as I write it is respecting.Note
Entry at 155.10, Moved SL up to just above break even.Only 50 pips in profit, but yesterday and today so far (hello NFP!), 155.23 the low.
Risk is +0.11% or something silly.
Trade closed: stop reached
Ouch! Stopped out at breakeven.
Trade closed: stop reached
Downside trendline was respected!Triangles ....
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