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Cadjpyshort

SHORT GBPJPYSHORT GBPJPY @ 154.60 TP: 149 SL: 158 With the way things are playing out in Russia and Ukraine, a strong risk off mood has entered the markets. I have decided to sell the break of the 61.8% Fibbo in GBPJPY as I believe this will continue to grind lower in the coming days. I will continue to sell rallies in this pair all the way up to 158 lvl (although I don't expect it to go this far if things continue the way they are). If the war subsides and the markets turn to risk on again, I will re evaluate this idea. Stay tuned until then. Adios and Good luck. Also short AUDUSD, CADJPY, CHFJPY & GBPUSD! Comment if you want to know more!
Short
by WhosPipsAreTheseAnyway
14
Cadjpy and another Yen pairUsing another Yen pair we can assess clear risk management strategies and calculating position size. If you have a market like this and it is running away further you can drop your size. Do NOT overleverage expecting to kill it on Trade One. Wait for entry confirmation from price action within timeframes. When Market sentiment is positive in the way the market is moving you can get harsh moves.. Picking one Trade becomes more difficult.. and rightly so. This is why we can spread our risk.
Short
by WillSebastian