Consulting the lines on my own charts, that makes sense to me. Hopefully, the pair will follow through...
Please note that price touched that level (9116.760) and it is now at 116.850 (up 9 pips, we were risking 13 pips. I advice we close this position because spread tends to increase at 2100 hrs GMT when the majority of the banks close and due to our very close sl, the sl may get hit.
Hi Mate, I hope so, but due to my very close sl, I have decided to close that trade, I expected price to move up suddenly and by many pips. Unfortunately, that did not happen, price is moveing up slowly and 2100 GMT time is approaching.
You were right bro, or the pair seems to fair through. this is the result from one of my account where I take huge risks.
I'm hoping to see GBPJPY drop down between 140.37 to 141.68 before the end of the week, where I would be more comfortable entering a long position.
I agree, not the best set up. Hovewer, my strategy leans so much on scalping. I use very close slop loss and very close take profit. In this case, if I were risking 20 pips and targeting 20 pips, my take profit at 142.656 would have been hit as you can see below