This was a TriScreen Trade that was executed late but was done in conjunction with the break of a previous support level.
Short 1 (100) GBPJPY @ 4697
Stop @4790 (-93)
Target @ 4515 (+182)
This was a bad trade. I should have stuck to the rules of the TriScreen and stayed out of the market. If I had followed the rules, it would have been very profitable instead of picking the bottom of the day. That’s why it is necessary to review all your trades.
I obviously got stopped out and lost -93 pips on this trade.