GBPJPY LONG H4

8 Haz 2022

Break out of a resistance.

Trading Plan: Will close half of the position at 1:2 RRR and will move SL to break even.

9 Haz 2022

İşlem elle kapatılmış

Closed my LONG position at the false breakout. Minimized losses while opening a SHORT position on the possible movement to the downside.

The RSI is largely overbought while the Resistance is holding same as what it did last 20th April. This is a possible reversal
This is a somewhat strong position. Will be closing 75% of my trade @ TP target and will let the other 25% run on a trailing stop

You can see the SHORT position that I opened. I minimized my losses @ 110 pips