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08/12/2009 GBPJPY Trade 2

Written by Hugh, on August 12th, 2009

Short 1 lot (200 units) GBPJPY @ 5773
Stop @ 5875 (-102 pips)
Target @ 5671 (+102 pips)

Confidence Level: 5/10

Reason to take trade: Bounce of previous high

Click above for larger image

Click above for larger image

The reason for getting into this trade was pretty weak.  There should be at least 3 levels that would give me a reason to believe that price would bounce at that level.

Stopped out for a loss of -102 pips.




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Category: My Trading   Tags: ,

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