Selling $GBPJPY here
Updated
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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