Selling $GBPJPY here
Trade type AAA
Reasons for taking this trade:
We have just cleared buyside liquidity. This was aided by FOMC rates.
GBP rates (0.25% increase) were the same as dollar hence bearish.
4hr tf has closed bearish
Daily chart looks bearish as well after filling the daily FVG yesterday on this trade👇🏾
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Reasons for taking this trade:
We have just cleared buyside liquidity. This was aided by FOMC rates.
GBP rates (0.25% increase) were the same as dollar hence bearish.
4hr tf has closed bearish
Daily chart looks bearish as well after filling the daily FVG yesterday on this trade👇🏾
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Trade closed: target reached
TP missed by 4 pips😂... But a trade is a trade right?
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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.
Related publications
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.