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07/23/2009 GBPJPY Trade 1

Short 1 lot (1,000 units) GBPJPY @ 5659
Stop @ 5675 (-16 pips)
Target @ 5643 (+16 pips)

Confidence Level: 5/10

Reasons to enter trade:

  • Bounce off previous high on 1 hour chart
  • Bounce off M5 pivot
Click above for larger image

Click above for larger image

The price could go higher, price is respecting the bottom of the channel on the daily chart.

Click above for larger image

Click above for larger image

Stopped out, should have listened to my instincts.  Loss of -16 pips.




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July 23rd, 2009 | Tags: , | Category: My Trading

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