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07/23/2009 GBPJPY Trade 1

Written by Hugh, on July 23rd, 2009

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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Category: My Trading   Tags: ,

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