GBPJPY Long bias Trade idea

In my markup you can see we have 2 possible scenarios for long both carry a risk to reward over 1:10 second scenario provides a better RR, this opens the possibility to using limit orders with proper risk management or just reacting accordingly when price comes into each area of interest.

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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.

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GJ didnt provide a deep enough retracement for our trade idea, Did give a beautiful entry opportunity off of support, sat this one out. We'll just have to wait and see what the following london and NY sessions provide. = NO ENTRY

Сделка активна:

Update, if you had a LIMIT order placed at the first POI the order should have placed you into the trade which is currently running at 1:5, Also has just now hit our area to go Break even and take our first profit scaling of 50% of the position.