Short 1 lot (250 units) GBPJPY @ 5567
Stop @ 5660 (-98 pips)
Target @ 5464 (+98 pips)
Confidence Level: 7/10
Reasons to enter trade:
- Same as the reasons in previous trade.
- TriScreen setup
This is a re-entry of the previous trade on 7/19.
This time the trade worked and I closed 200 units at 5454 (+108 pips). I then moved the stop to 5562 or +5 pips. It is now a free trade.
I closed the final 50 units at 5328 for a nice +239 pip proft. This was my final target at the 79% fib retracement level.
Grand total unit weighted total was +134 pips. Good trade.
If you enjoyed this article, you might also like:
- 07/15/2009 GBPJPY Trade
- 06/22/2009 GBPJPY Trade
- 07/02/2009 GBPJPY Trade
- 07/13/2009 GBPJPY Trade
- 07/17/2009 GBPJPY Trade







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