GBPJPY LONG H4
Updated
Break out of a resistance.
Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.
Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.
Trade closed manually
Closed my LONG position at the false breakout. Minimized losses while opening a SHORT position on the possible movement to the downside.The RSI is largely overbought while the Resistance is holding same as what it did last 20th April. This is a possible reversal
This is a somewhat strong position. Will be closing 75% of my trade @ TP target and will let the other 25% run on a trailing stop
You can see the SHORT position that I opened. I minimized my losses @ 110 pips
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