GBPJPY NEWS Short + 100 PIp Potential
Although, I am not a big fan of taking trades late in the US Session, This news trade is a good one. That said, please use appropriate risk management as the spreads tend to expand considerably late in the US Session into the Sydney Session.
We had a good push down on the GBP pairs on UK Brexit news and this pair has now gone into a consolidation between 137.73 (High) and 137.564 (Low). Moreover, it is now below the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 137.72
Stop = 138.02
Risk = 30 pips
Profit target = 136.62
Reward = 100 Pips
RRR = 3-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
We had a good push down on the GBP pairs on UK Brexit news and this pair has now gone into a consolidation between 137.73 (High) and 137.564 (Low). Moreover, it is now below the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS
Entry = 137.72
Stop = 138.02
Risk = 30 pips
Profit target = 136.62
Reward = 100 Pips
RRR = 3-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.
Trade active
This trade has been triggered and is now Active :)Note
if your Broker's spread have normalized, you can bring your stop loss to 1.37.92Trade closed: target reached
Good Set-up, Great result :)
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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.