GBPJPY SHORT ... AGGRESSIVE scalping SETUP , BIT RISKY
Updated
Hello Traders,
I am taking this GBPJPY SHORT setup now because of good RR and overall bias with GBP is short along with price inching towards Top of Channel line ,Price action also seems to be loosing upward strength from last session , only risk factor involved would be weakness in JPY too , i have been waiting for renewed strength in JPY for sometime and looking at other JPY pairs where prices are almost near resistance and Trendlines i hope this trade may workout ,
Anyhow , be cautious with this trade.
Thanks.
I am taking this GBPJPY SHORT setup now because of good RR and overall bias with GBP is short along with price inching towards Top of Channel line ,Price action also seems to be loosing upward strength from last session , only risk factor involved would be weakness in JPY too , i have been waiting for renewed strength in JPY for sometime and looking at other JPY pairs where prices are almost near resistance and Trendlines i hope this trade may workout ,
Anyhow , be cautious with this trade.
Thanks.
Note
Nothing is better when you see your risk being rewarded .... now at this point we can either move stop loss to break even and let trade run , or you can also close trade and take profit since there is important GBP news in 15 mins...Trade closed manually
As advised earlier whipsaw was expected , which evidently came , however i managed to close trade in 40 pips profit and hopefully nobody suffered loss on this one as already advised to move SL to breakeven or close trade ... please follow me to get instant alerts on updates of trades ...
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