SHORT trade for GJ
Updated
Short trade for GJ. Finally broke past support and made a move to the downside. I expect to see a little bit of price action between the minor resistance levels on the way to my profit target. I don't expect to see much overall resistance for the move to continue seeing as there are no major news announcements for either country at the moment. Price could very well head all the way down to the previous support level below my profit target. Here are my numbers for the trade. I am currently in this trade and will update with news on the trade.
Entry - 155.552
Stop Loss - 156.052
Profit Target - 154.560
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Entry - 155.552
Stop Loss - 156.052
Profit Target - 154.560
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Note
Moved stop loss 15 pips below entry to protect some profits should price reverse hard.Trade closed: stop reached
Hit my stop this morning before I was able to get in front of the computer. Captured a small profit since I moved my stop up. It is currently showing some resistance around 155.55. Will keep an eye on it for potential reversal.
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