$GBPJPY – 12 Jan 10
UPDATE: Short Entry Triggered, and Touched Take profit at 146.80 with +145pips in profit.
According to my analysis, i have setup two critical points where i’ll most possible enter into a trade. First, the price is trading -100pips below our daily Range @ 149.45m, therefore the trend is most likely to get down further. I have marked 148.25 as my entry with a target @ 146.80. Stoploss will be decided according to my account and risk % i’ll be taking.
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On the other hand if my short didn’t trigger @ down below and price reach back up above 149.00 i’ll then take a 25pips from 149.45.
ATTENTION: This is NOT a Trade Recommendation. The strategy calls for a Higher Risk Trade with Risk Reward Ration 1:1. Thus it is not recommend with any other combination of Stoploss/ Target Level.
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