Going a LONG on GBPJPY

At the time 2018-05-18 (9:00 UTC+8) a V-Formation is spot. It basically tells you that the market is going to change it trends. And the uptrend is still healthy recently the market pull back to its S&R area. A trade set-up for this is made.

Trade set-up:
Open: 149.150
S/L: 148.800 (35 pips)
T/P: 150.850 (170 pips)

Note: Trade will be open at a slightly higher price if it does not hit the pending order once the candle close.

Comentário:

Trade position open
Open: 149.349
S/L: Remain 35 pips
T/P: Remain 170 pips

Comentário:

Just moved the S/L to 149.369 (Cap 2 pips profit)
The trade is now officially risk free!