(D1) GBP/JPY (SHORT)
Updated
- DESCRIPTION -
- Third time that price has reached and refused 147.6
- Shown signs of reversal in the Daily time frame
- Shooting star candle at resistance
- Bearish Bat pattern has also been fulfilled
- CURRENT STATISTICS -
- Number of Trades: 3
- Status of Trades : 3-Active / 0-Wins / 0-Losses
- Current Net Return: 0%
- TRADE INFO -
- Position: Short
- Enter: 146.9 to 147
- Target 1: 145.071
- Stop 1: 147.680
- Target 2: 142.265
- Stop 2: 147.680 ( if target 1 is reached this will be updated to break even
All my trades will have Risk of capital per trade of no more than 3%, however I will always be using 2% unless I say otherwise
- CURRENT OBJECTIVE -
- Target: 11% ROC Monthly
- Third time that price has reached and refused 147.6
- Shown signs of reversal in the Daily time frame
- Shooting star candle at resistance
- Bearish Bat pattern has also been fulfilled
- CURRENT STATISTICS -
- Number of Trades: 3
- Status of Trades : 3-Active / 0-Wins / 0-Losses
- Current Net Return: 0%
- TRADE INFO -
- Position: Short
- Enter: 146.9 to 147
- Target 1: 145.071
- Stop 1: 147.680
- Target 2: 142.265
- Stop 2: 147.680 ( if target 1 is reached this will be updated to break even
All my trades will have Risk of capital per trade of no more than 3%, however I will always be using 2% unless I say otherwise
- CURRENT OBJECTIVE -
- Target: 11% ROC Monthly
Trade closed: stop reached
Going to continue watching and wait for a better entry, still a very viable trade.Note
Current Net Return: -2%Trade active
Update: Entered again at 147.494 twice to same targets. Note: Revenge trading and Revised trading are two different things.
Stick to your plan
Trade active
Current Net Return: +2%Trade active
Trade closed: target reached
First Target '145.071' has been reachedCurrent Net return 6%
Note
Stop Loss moved to breakevenTrade closed: stop reached
Price reached break-even. Current Net 10%
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.