GBPJPY Short
Trade (1)
Entry Type : Market Sell @ 140.349
Stop Loss : 141.600
Take Profit : 136.000
R/R : 3.48
R/R % : .37% / 1.28%
Trade (2)
Entry Type : Limit Sell @ 140.500
Stop Loss : 141.600
Take Profit : 136.000
R/R : 4.09
R/R % : .37% / 1.51%
Technical Analysis:
Price Action has consolidated right underneath the 61.8% fib level and at a key resistance (140.500).
Im expecting a short to be carried until a touch from the ascending trend line roughly at the 136.000 level which is the 50% Fib level on the daily uptrend. I have .37% per a position giving me a total risk of .75% to this pair.
Entry Type : Market Sell @ 140.349
Stop Loss : 141.600
Take Profit : 136.000
R/R : 3.48
R/R % : .37% / 1.28%
Trade (2)
Entry Type : Limit Sell @ 140.500
Stop Loss : 141.600
Take Profit : 136.000
R/R : 4.09
R/R % : .37% / 1.51%
Technical Analysis:
Price Action has consolidated right underneath the 61.8% fib level and at a key resistance (140.500).
Im expecting a short to be carried until a touch from the ascending trend line roughly at the 136.000 level which is the 50% Fib level on the daily uptrend. I have .37% per a position giving me a total risk of .75% to this pair.
Trade active
Trade (1) active as stated in description. Trade (2) triggered as stated.
Both positions have had stop loss adjusted to breakeven level.
Trade closed: stop reached
Trade (1) stopped out at breakeven with no loss.
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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.