Small Surprise box trade:
Short 1 (100) GBPJPY @ 2956
Stop @ 3125 (-169)
Limit @ 1956 (+1,000)
Very small surprise box but I have found that this type of small box can work on this pair so I entered the trade. Price made a strong move back into the box but was completely denied.
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I closed the trade at 2919 for a profit of 37 pips. I closed the trade because I didn’t like the way the price bounced back up. My confidence level entering the trade was 6/10.
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