Short 1 lot (200 units) GBPJPY @ 5818
Stop @ 5925 (-107)
Target @ 5711 (+107)
Confidence level: 5/10
Reason to take trade: TriScreen setup
I got stopped out for a -107 pip loss. As you can see, I didn’t wait for the %R to roll out of overbought. Price continued higher until I was stopped out. I have to wait for the signal and not jump the gun!
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