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07/14/2009 GBPJPY Trade

Written by Hugh, on July 14th, 2009

Long 1 lot (1,000 units) GBPJPY @ 5181
Stop @ 5160 (-21 pips)
Target @ 5202 (+21 pips)

Confidence Level: 7/10

Reasons to take trade:

  • Upward wedge on 5 min chart
  • Price movement with upward bias
Click above for larger image

Click above for larger image

Closed position near target @ 5198 (+17 pips).  Good trade.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.