GBPJPY Long - The last of the correlations

2 Haz 2021

So also long on a pending trade in GBP weakness last night.
At start of equity US open all GBP pairs moved down a bit.
As risk across 4 trades is 6.87%, going to adjust risk on some of these as my trading plan is max 6%.

2 Haz 2021

İşlem aktif

Initial Trade : GBPJPY Risk 1.61% 1.5R

2 Haz 2021

İşlem aktif

Stop moved to 154.47, Risk 1.13% now.


Still leaves 5.06% risk on table, but that is below my 6% limit.

3 Haz 2021

İşlem aktif

Holding for now, consider further SL move especially due to 4 hour trendline, which as I write it is respecting.

4 Haz 2021

Not

Entry at 155.10, Moved SL up to just above break even.
Only 50 pips in profit, but yesterday and today so far (hello NFP!), 155.23 the low.
Risk is +0.11% or something silly.

6 Haz 2021

İşlem kapandı: durdurma seviyesi

Ouch! Stopped out at breakeven.

6 Haz 2021

İşlem kapandı: durdurma seviyesi

Downside trendline was respected!
Triangles ....